Actually since the beginning of the year bitcoin's price has been relatively stable, around the $5 mark.
Whether this is the natural market price or if there is manipulation going on is hard to tell.
Certainly bitcoin is more volatile than the dollar, pound or euro but those currencies fluctuate in value too.
Bitcoin will be volatile whilst new coins are being minted, it is in an inflationary phase and the only upwards pressure will come from demand outstripping the supply.
Whether this is the natural market price or if there is manipulation going on is hard to tell.
Certainly bitcoin is more volatile than the dollar, pound or euro but those currencies fluctuate in value too.
Bitcoin will be volatile whilst new coins are being minted, it is in an inflationary phase and the only upwards pressure will come from demand outstripping the supply.