Bitcoin trading became 'boring,' but that's not a bad thing.

By The Exchange Team

Bitcoin's lack of volatility could signal a "bottoming out," analysts and investors told CNBC.

Since a blistering run in 2021 that saw bitcoin reach $68,990, digital currencies have plummeted precipitously.

In recent months, bitcoin's price has hovered around $20,000, indicating market stability.

Last Thursday, the crypto's 20-day rolling volatility slipped below the Nasdaq and S&P 500 indices for the first time since 2020.

Stocks and cryptocurrencies are down dramatically this year due to Fed rate hikes and a stronger dollar.

Bitcoin's link with stocks has increased as more institutional investors dabble in crypto.

However, the price of bitcoin has recently stabilized. For some investors, the decrease in volatility is a good sign.