Bitcoin Price: 25 Percent Below Last Year's Level

Anyone who bought Bitcoin on 14 October 2025 is looking at a price today that sits roughly a quarter below their own entry. A year ago one Bitcoin cost $115,226 or 99,310 euros; by Wednesday midday it is $82,709 and 74,239 euros. That is 28.2 percent less in dollars and 25.2 percent less in euros. For exactly this vintage the one-year speculative period under German tax law expires today, and what changes with it is not the price but the calculation behind it.

The figures come from CoinGecko's price series for each calendar day. Deribit's futures index stood at $82,844 at the same time, $135 above the spot value. That spread of 0.16 percent is normal and shows how closely the cash market and the futures market sit together on this quiet day.

The year-on-year comparison: 99,310 euros then, 74,239 euros today

A year-on-year comparison looks at first like an accounting exercise. In Germany, though, it decides which tax rules can still be applied to a sale at all, and it frames the situation better than any single day's change. On Wednesday the price moved 0.67 percent lower; over seven days it is down 0.4 percent, while over 30 days it is up 7.08 percent.

These three figures do not contradict each other, they simply measure different windows. The monthly number carries the late-summer recovery, the annual number carries the slump from winter and spring. Look only at the day and the market seems motionless. Look only at the year and it seems to have failed. Both readings miss the situation.