TLDR
- Charles Schwab reported that Bitcoin volatility fell to 42% in 2025, down sharply from 2021 levels.
- The firm found that Bitcoin now shows lower historical volatility than Tesla and Nvidia.
- Tesla recorded 63% volatility in 2025, while Nvidia posted 50%, both above Bitcoin’s reading.
- Bitcoin experienced a 32% decline in 2025, with losses extending into early 2026.
- Over three years, Bitcoin logged a 50% peak-to-trough drawdown.
Charles Schwab reported that Bitcoin volatility has declined sharply in recent years as trading patterns shift. The firm said Bitcoin’s historical volatility reached 42% in 2025, which stands far below prior cycle highs. The data shows the cryptocurrency now moves in line with major U.S. technology stocks.
Bitcoin Volatility Declines as Market Structure Shifts
Schwab recorded Bitcoin volatility at 42% in 2025, which marks about half its 2021 level. The firm said this change reflects broader participation and deeper liquidity. It also found Bitcoin now trades with patterns similar to large equities.
JUST IN: $12 trillion Charles Schwab says Bitcoin volatility "has calmed down as it matured into a mainstream that trades on major exchanges around the world." 🚀 pic.twitter.com/rMh82gSn7z
— Bitcoin Magazine (@BitcoinMagazine) March 25, 2026
The report compared Bitcoin with Tesla and Nvidia using historical volatility metrics. Tesla posted 63% volatility in 2025, while Nvidia registered 50%. Those readings placed both stocks above Bitcoin’s 42% level.
Schwab also measured daily price movement using average true range as a percentage of price. That metric showed Bitcoin’s day swings align closely with major equities. The firm said the data signals a shift toward steadier trading behavior.
Bitcoin and Ethereum Volatility Trends Diverge
Despite lower volatility, Bitcoin recorded a 32% decline during 2025. Losses extended into early 2026 before prices stabilized. Over three years, Bitcoin logged a 50% peak-to-trough drop.
Tesla posted a deeper 54% drawdown across the same period. Nvidia marked a 37% decline at its weakest point. The comparison showed growth stocks can match or exceed crypto swings.
Schwab reviewed the 2022 downturn to assess longer cycles. Bitcoin fell 77% from its prior peak during that period. Tesla declined 74%, while Nvidia dropped 66% over the same stretch.
The firm also compared Bitcoin with commodity futures markets. Silver futures showed sharper day-to-day price shifts despite smaller overall drawdowns. Gold maintained steadier gains with lower volatility readings.
Within digital assets, Ethereum continued to post higher volatility than Bitcoin. Schwab said the gap between Bitcoin and Ethereum volatility widened after 2021. The report stated that Bitcoin now appears relatively stable inside crypto markets.
Schwab concluded that Bitcoin’s trading profile reflects its integration into mainstream finance. The firm tied that shift to increased institutional activity and regulated investment vehicles. It said broader access has supported steadier flows.
Morgan Stanley advanced plans for its spot Bitcoin ETF under the ticker MSBT. The fund received an official listing notice from the NYSE. Analysts said such notices often signal a product launch soon.
If regulators approve the product, Morgan Stanley would issue the first spot Bitcoin ETF from a major U.S. bank. Existing spot products currently come from BlackRock and Fidelity. The NYSE listing marked the latest step toward the ETF’s debut.
