Bitcoin suffers yet another double-digit slide

The landscape around Ethereum is even worse, with a red streak lasting six months.

The positive start to 2026 was quickly erased and Bitcoin quickly lost value, reaching new local lows of $60,000 in early February.

Although it recovered slightly from these 15-month lows, it still ended the month with a painful double-digit decline. That made it five in a row.

Deep red february too

It was almost impossible to imagine the current situation at the beginning of October. At the time, the price of Bitcoin was soaring, hitting new highs of more than $126,000, and the community was expecting more records during the so-called “Uptober” period. However, the reality was very different and cruel.

On October 10, the cryptocurrency market experienced its worst single-day liquidation, with more than $19 billion in price drops. As many analysts claimed after that momentous day, something broke in the structure of the market and it was never the same.

Bitcoin began to chart frequent losses and by the end of the year was thrown into the five-figure price range. It finished 2025 in the red, the first year since the half-centennial. January started off on the right foot, but a rejection of $98,000 led to another upset. Thus, in January, the loss was slightly more than 10%.

Another massive crash occurred in early February, pushing bitcoin south to its lowest level since October 2024 at $60,000. Although it rebounded and ended February in the $65,000-$66,000 range, it still ended the month down 15%. This marked the fifth consecutive month in the red for the first time since 2018.

Monthly Bitcoin Returns. Source: CoinGlass

Ethereum takes it a step further

Data from Cryptorank shows that the landscape around the world’s largest altcoin is even more painful. ETH has been in the red for six consecutive months. Moreover, in the last 15 months it has been in the green only three times.