it has reduced the volatility but not in this way. this reduction of volatility means it no longer is going to rise from ~$200 to ~$1200 in a month (6x rise). and this current stability is somewhat common. we have had this in the past and pretty soon the rise will start again and a couple of months after that we will see price shoot up again.

but it is interesting to have this kind of dead stable price that lasts months!