Bitcoin Slips Below $58,000, Down Over 50% From Its October 2025 Peak

Bitcoin has tumbled below $58,000 at some point in 2026, putting it more than 50% under the roughly $126,000 peak it hit in October 2025. That peak-to-trough gap is a harsher read on the coin's slide than its year-by-year scorecard shows.

On the calendar, Bitcoin shed 6.34% across 2025 and was down another 15.65% in 2026 through Nov. 10, according to tokenpost.com. Stack those two together and the combined decline comes to about 21% — a different measure, covering a different stretch of time, than the drop from the October peak.

The 2026 chapter isn't closed yet. Bitcoin started the year near $87,500, so a Dec. 31 close under that level would hand the coin its first back-to-back annual losses in its 18-year history.

It's still not the worst Bitcoin has done. The asset plunged 73.56% in 2018 and 64.27% in 2022. Both slumps were followed by rebounds: roughly 92% in 2019 and more than 155% in 2023.

The chance of a second straight down year is now feeding the debate over Bitcoin's four-year cycle. The final word belongs to the year-end price.