One year after hitting an all-time high of approximately $126,000 on October 6, 2025, bitcoin trades around $85,300, representing a 32% decline. The asset found a cycle low between $58,000 and $60,000 in late June 2026 before rebounding roughly 45% by September. Its market capitalization has returned to near $1.7 trillion. Historically, recoveries after 30% or larger drawdowns have taken between 28 and 38 months, and only 12 months have elapsed since the peak, suggesting the market is halfway through a familiar cycle.
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