Bitcoin’s 90-day realized volatility stood at about 38% as of Thursday, based on CoinDesk’s calculations. Its main rival, gold, is at about 23.5%. The S&P 500 sits at about 11%, so bitcoin is a little over three times as jumpy as stocks.

EUR/USD, which matches the euro — the shared currency of 21 countries — against the dollar, the global reserve currency, is the steadiest of all, with a 90-day realized volatility of 4.6%. Bitcoin is roughly eight times as volatile.

The currency pair’s volatility has stayed in single digits despite uncertainty over the French government debt and the resulting recent slide in the euro. Most fiat currency pairs have realized volatility below 10%.

That shows just how much ground BTC, despite its…