Bitcoin Drops To $59,000 For First Time Since 2024: Crypto’s Total Value Sheds $2 Trillion Since October
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Bitcoin (BTC) accelerated its decline on Friday, falling to roughly $59,685—the lowest level seen since October 2024, when US voters were preparing for the November presidential elections of that year.
Key facts
The sell-off has now spilled beyond BTC itself, dragging the wider crypto market lower and wiping out more than $2 trillion of value since the market’s October 2025 peak of about $4.2 trillion
Ethereum (ETH) slid as much as 12.8% to $1,550 on Friday to its lowest level since April 2025
Bitcoin (BTC) accelerated its decline on Friday, falling to roughly $59,685—the lowest level seen since October 2024, when US voters were preparing for the November presidential elections of that year
Bitcoin is now down by more than 50% from the all-time high of around $126,000 reached in October
Summary
The sell-off has now spilled beyond BTC itself, dragging the wider crypto market lower and wiping out more than $2 trillion of value since the market’s October 2025 peak of about $4.2 trillion. Smaller tokens also weakened alongside Bitcoin. On the back of these drops, market sentiment has deteriorated sharply. Bitcoin is now down by more than 50% from the all-time high of around $126,000 reached in October.