You nailed it. But I would hope that rather than more crypto being available for purchase in fiat, the situation resolves itself by crypto of all kinds being more rapidly adopted for real world use, so that fiat disappears and the price of individual cryptos is determined by supply and demand vs other cryptos, not by its value in fiat.
RE: Why do the prices of most cryptocurrencies follow Bitcoin's price?
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Why do the prices of most cryptocurrencies follow Bitcoin's price?