Price discovery from the recent hype is still ongoing.. From the looks of it, it still seems overpriced as good news barely moves the market anymore like it used to.
The price stays the same, but the market cap just keeps growing due to thousands of
BTC being mined each day.
Yep, 3600+ BTC/day are being brought into existence at the moment. Stable price is a rallying market cap. Currently, the bitcoin supply is inflating over 10% on an annual basis.