Bitcoin Falls Over $59,000 in Largest Drawdown Ever, Down Nearly 47% From All-Time High

Bitcoin Falls Over $59,000 in Largest Drawdown Ever, Down Nearly 47% From All-Time High
фото показано с : bitcoinmagazine.com

2026-2-6 19:33

Bitcoin Magazine

Bitcoin Falls Over $59,000 in Largest Drawdown Ever, Down Nearly 47% From All-Time High

Bitcoin’s price crashed sharply on Thursday, sliding through critical support and dipping near $66,000 in volatile trading — marking what appears to be the largest absolute dollar drawdown on record for the world’s largest cryptocurrency.

The latest plunge comes during a broader global risk-off sell-off, with equities, commodities and digital assets all under pressure. Major U.S. and Asian stock indices weakened on economic growth concerns and inflation data, reinforcing flight-to-safety flows that have cascaded through leveraged risk assets.

Bitcoin’s October 2025 peak — above $126,000 on major exchanges — now sits roughly $59,000 above today’s lows, a drop unprecedented in raw dollar terms. 

While previous drawdowns have been steeper on a percentage basis, the sheer scale of this retreat in nominal USD terms eclipses the declines seen in 2018, 2022 and other major corrections, according to Bitcoin Magazine Pro data. 

By comparison, historic price cycles saw drops from roughly $20,000 to $3,000 in 2018 or from $69,000 to $15,000 in 2022 — both sizeable percentage falls but involving smaller absolute dollar moves than the current contraction. 

Analysts now describe the decline as the largest dollar value drawdown in Bitcoin’s history.

Bitcoin price’s broader crypto market drivers

Broader markets faced a sharp sell-off this week, with risk assets across the board under pressure. U.S. equities tumbled, led by the Nasdaq, which felt the brunt of disappointing earnings forecasts and cooling sentiment in the tech sector. 

Speculative commodities, including silver, plunged double digits, reflecting widespread deleveraging. Bitcoin’s slide below key technical support levels intensified forced liquidations and panic selling, contributing to a broader crypto downturn. 

The total cryptocurrency market lost over $500 billion in value over the past week, with nearly all major tokens posting significant declines.

Adding to the momentum, U.S.-listed spot Bitcoin ETFs have recorded sustained net outflows, reversing the influx of institutional capital that buoyed markets in 2025.

Public firms with significant Bitcoin exposure, including major holders like Strategy, have seen equity valuations collapse alongside BTC, raising questions about balance sheet stress and future liquidity.

Yesterday, Treasury Secretary Scott Bessent told the House Financial Services Committee that the U.S. government has no authority to “bail out” bitcoin or direct banks to buy BTC.

Rep. Brad Sherman pressed him on whether regulators could intervene like they did during the 2008 financial crisis, but Bessent rejected the idea outright. 

He said that the government’s only bitcoin price exposure comes from law enforcement seizures, not taxpayer-funded investments. 

This post Bitcoin Falls Over $59,000 in Largest Drawdown Ever, Down Nearly 47% From All-Time High first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Bitcoin (BTC) на Currencies.ru

$ 64116.53 (-1.20%)
Объем 24H $143.527b
Изменеия 24h: -9.82 %, 7d: -22.35 %
Cегодня L: $60714.05 - H: $65575.24
Капитализация $1281.367b Rank 1
Цена в час новости $ 65560.96 (-2.2%)

bitcoin nearly all-time high down ever falls

bitcoin nearly → Результатов: 126


April’s Bitcoin Price Surge Results in Direct Increase for BTC Blockchain Transaction Fees

The transaction fees of Bitcoin is on the rise again, after successfully hovering around the $0.50 mark over the last six months. Data obtained from Bitinfocharts on April 18, 2019, shows that average fees hit their highest levels in nearly a year in early April, and ever since then, average fees have swelled to around […]

2019-4-19 01:03


Фото:

Argentina Central Bank’s Inability to Stop Inflation is Forcing People to Bitcoin

As Argentina’s inflation rate skyrockets to its highest level since 1992, people are increasingly turning to Bitcoin as an alternative. Inflation in Argentina Surpasses 54 Percent Argentina’s central bank already tightened monetary policy three times in the last month, and inflation is still accelerating at a rate of nearly 55 percent.

2019-4-18 01:00


Bitcoin Price Abruptly Drops 4%, 12 Hours after Fresh 2019 High at $5,450 – Here’s Why

On April 10, the bitcoin price achieved a new 2019 high at $5,450 in major markets including the U. S. , accompanied by an increase in demand for bitcoin from accredited investors. Consequently, the premium of the Bitcoin Investment Trust (GBTC), a regulated bitcoin investment vehicle overseen by Grayscale, a cryptocurrency investment company with $1.

2019-4-11 13:27


Investor: If bitcoin breaks $6,200, it may mark the start of a major bull run

In the past week, the bitcoin price has increased by nearly 6 percent from around $5,000 to $5,300, following an initial 20 percent gain from $4,200 to $5,000. The short-term rally of the dominant cryptocurrency led to a swift change in the sentiment around the cryptocurrency market as it pushed other crypto assets like Ethereum and […] The post Investor: If bitcoin breaks $6,200, it may mark the start of a major bull run appeared first on CryptoSlate.

2019-4-11 05:40


Фото:

Coinmama Exchange Review 2019 – Is it 100% Legit and Safe?

Coinmama is a bitcoin broker that specializes in selling Bitcoins for credit card to nearly anyone in the world. This website also allowed you to buy Bitcoins with Western Union. However, it is no longer working with Western Union and it now offers direct sales of Bitcoin through the use of a credit card/debit card […] The post Coinmama Exchange Review 2019 – Is it 100% Legit and Safe? appeared first on CaptainAltcoin.

2019-4-9 23:45