The Bitcoin price has experienced a sharp pullback during the past six weeks, down about 30% from its early October high of around US$126,250 to its current price of US$86,788 as of November 23, 2025.
While the recent price drop may appear severe, there have been much bigger declines since 2010 when the first real Bitcoin exchange and trades began.
Between June and November 2011, Bitcoin fell from US$29 to US$2, losing about 93% of its value when the Mt. Gox Bitcoin exchange got hacked, and 25,000 Bitcoins were stolen from 478 accounts.
From November 2013 to January 2015, the price of Bitcoin fell about 86% from US$1,200 to US$165.
Also, from December 2017 to December 2018, known as the Crypto Winter, Bitcoin sank from US$19,000 to US$3,200, a decline of about 84%.
And, during the 2022 Bear Market, the Bitcoin price dropped about 77% from US$69,000 to a low of US$15,500.
So, what do all these big past pullbacks have in common? The price of Bitcoin eventually recovered to hit a new, all-time high.
