Digital assets have garnered significant attention from investors and governments worldwide, with growing research exploring the factors influencing their volatility. However, no comprehensive review systematically analyzes the existing literature on this topic. This chapter addresses this gap by reviewing key determinants of digital asset volatility, including country-specific regulations and policies, macroeconomic factors, interconnections with other asset classes, relationships among digital assets, ownership structures, and investor behavior. Covering influential studies published between 2015 and 2025, this review contributes to the literature by synthesizing existing research and offering a holistic perspective on this evolving field. Its findings provide valuable insights for investors seeking to make informed decisions regarding digital asset investments and volatility considerations while also offering policymakers essential input for developing regulatory frameworks and economic policies aimed at fostering financial stability in the digital asset market.