Bitcoin’s 90-day realized volatility stood at about 38% as of Thursday, primarily based on CoinDesk’s calculations. Its foremost rival, gold, is at about 23.5%. The S&P 500 sits at about 11%, so bitcoin is somewhat over thrice as jumpy as shares.
EUR/USD, which matches the euro — the shared foreign money of 21 nations — towards the greenback, the worldwide reserve foreign money, is the steadiest of all, with a 90-day realized volatility of 4.6%. Bitcoin is roughly eight occasions as risky.
The foreign money pair’s volatility has stayed in single digits regardless of uncertainty over the French authorities debt and the ensuing current slide within the euro. Most fiat foreign money pairs have realized volatility under 10%.
That reveals simply how a lot floor BTC, regardless of its limited-supply function, has to cowl earlier than it will probably rival conventional medium of exchanges and validate the bitcoin maximalists’ view that crypto is healthier than paper currencies.
The closest match is Nvidia at about 37%. Bitcoin and the AI bellwether now swing by virtually the identical quantity.
The broader enchancment in bitcoin, nonetheless, is obvious. The cryptocurrency’s 90-day volatility has averaged about 58% since January 2020 and peaked at 134% in June 2020. Its calmest studying of 27.5% got here in September 2025 when costs rose above $100,000.
