The volatility of currency markets is much higher than that of stocks, commodities, indices, ETFs, and bonds. When comparing volatility between cryptocurrencies and forex, it's important to understand the precise definition of volatility. It refers to the change in the price of an asset. While forex prices certainly fluctuate about the mean, it is nowhere near the level of volatility seen in the crypto market. The historical charts represent the extreme fluctuations in crypto prices. In October 2016, 2017, 2018, 2019, 2020, the price of Bitcoin was $693, $6130, $6276, $9226, and $13,573 respectively. In May 2021, Bitcoin was $58,000!