As Bitcoin’s price rises, mining difficulty and hash rate increase, squeezing newcomer margins unless they invest in more efficient hardware. Existing large miners benefit from scale, but overall increased difficulty limits daily issuance, tightening supply and supporting price.
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Altcoins like Dogecoin remain closely tied to Bitcoin’s trend. In the long term, token-specific utility and community engagement may reduce correlation but not eliminate it.
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Dogecoin’s volatility is likely to remain tied to Bitcoin’s price, but unique factors could also affect its correlation.
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