Amid the current negative sentiment and bearish views that cryptocurrencies are nothing more than a speculative bubble, Bitcoin’s price has been stable above $54,000 for months!!
This continued stability at relatively high valuations is virtually unprecedented, leading some observers to believe that we are in a period of consolidation in preparation for the next major upswing. Cryptocurrencies are more mature than before, and the existence of ETFs for Bitcoin and Ethereum in particular further reinforces this.
