Media magnate Steve Forbes recently criticized cryptocurrencies for their volatility, saying that one day they can be a steak, and the next day they can turn into dog food. Price fluctuations have accompanied the digital currency market since its inception and have been an important reason for the interest of traders in cryptocurrency.
But it seems that something has gone wrong in the last couple of months. As strange as it seems, Bitcoin (BTC) and Ether (ETH) have been demonstrating unusual stability since late May. And while a relatively stable dynamic for Bitcoin’s price can be due to the absence of significant events in the post-halving market, the passive behavior of Ether is baffling some traders.
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