November 2025 buyers of Dogecoin are sitting on a 58 percent loss as the tax window closes

Anyone who bought Dogecoin in November 2025 is now sitting on a loss of around 58 percent, and the tax clock on that loss is running out. Early on Sunday evening, Dogecoin (DOGE) cost $0.0712 or €0.0639, according to CoinGecko. On November 9, 2025, the daily price was still €0.1523, and on November 11, 2025, it was €0.1569. Because gains and losses on crypto assets in Germany only count for tax purposes within one year of purchase, the losses on these buys drop out of the window one after another from Monday.

What is established: the price is as low as it was last in August, the fifth week in a row is closing below the previous one, and the law only offsets losses from sales within the holding period. Our assessment follows further down: nobody can plan the timing of a recovery, but the deadline for the loss can be planned.

Dogecoin price on Sunday evening: $0.0712 after a quiet trading range

Sunday brought little movement. In the 24 hours to early evening, DOGE oscillated between $0.0706 and $0.0720, a decline of 0.6 percent. Trading volume came to around $244 million according to CoinGecko, well below the $721 million recorded on Thursday, when the price fell from $0.0770 to $0.0711 in a single day. Market capitalisation now stands at $11.2 billion.

Over seven days, Dogecoin lost 5.9 percent, and over 30 days 15.7 percent. Bitcoin fell 8.4 percent over the same month and traded at around $75,900 on Sunday. DOGE is therefore falling almost twice as fast as the largest cryptocurrency, a pattern typical of memecoins in weak phases: memecoins have no earnings, no fee revenue and no fund demand that could support the price. The Fear and Greed Index from Alternative.me stood at 28 points on Sunday, in fear territory, after 25 points and extreme fear on Saturday.

Since Saturday's death cross: what happened at $0.0760 and $0.0690

On Saturday morning we analysed the Dogecoin death cross, the moment the 50-day moving average crossed below the 200-day line on October 29. At the time the price stood at $0.0721, and we named two levels: $0.0760 as the first hurdle to the upside and $0.0690, the low for the year set in August, to the downside.

Little has happened since, and that in itself is the news. The price slipped by just over one percent to $0.0712. The $0.0760 level never came within reach; the daily high was $0.0720. The $0.0690 level held, but the distance to it has shrunk to three percent. What is new is the weekly close in the night to Monday: if DOGE stays below $0.0755, it will be the fifth lower weekly close in a row.

Five lower weekly closes in a row: the DOGE price since October 4

A weekly close is the price at the end of Sunday at midnight UTC. Many traders find it more meaningful than daily values, because it smooths out the swings of individual days. Our analysis of CoinGecko's daily data shows an unbroken staircase down:

• October 4: $0.0958
• October 11: $0.0867
• October 18: $0.0794
• October 25: $0.0768
• November 1: $0.0755
• November 8, as of Sunday evening: $0.0712

If today's level holds until midnight, it would be the lowest weekly close since August 16, at $0.0695. From the high in early October, DOGE has thus lost a good quarter of its value. The gaps between the steps are getting smaller, however: from mid-October to early November the weekly close fell by only a few tenths of a cent, and only Thursday's slump picked up the pace again.

Dogecoin holding period: why November purchases are now running out of time

In Germany, crypto assets held as private wealth count as other assets within the meaning of Section 23 of the Income Tax Act. A sale only counts as a private disposal if no more than one year lies between purchase and sale. After that, a gain is tax-free, and conversely a loss is irrelevant for tax purposes. The loss stays in the portfolio, and the tax office no longer sees it.

For Dogecoin, that now affects an entire group of buyers. In November 2025, DOGE cost between €0.12 and €0.16, and by the end of the year the price had fallen to €0.105. Every one of these positions is in the red today, even a purchase on December 31, 2025, at minus 39 percent. Anyone who bought on November 9, 2025, reaches the anniversary on Monday; anyone who bought on November 11 reaches it on Wednesday. Until then, the loss can still be used for tax purposes by selling. You are safely within the deadline if the sale is executed no later than the day before the anniversary.

The purchase date is shown in your exchange's transaction history. Export it as a CSV before you sell and file it with your purchase records. Without this evidence, the tax office cannot verify the loss.

Loss offsetting under Section 23 EStG: how a DOGE loss of €930 works out

A worked example using CoinGecko's daily prices: anyone who bought 10,000 DOGE at €0.1569 on November 11, 2025, paid €1,569. On Sunday the coins were worth €639. Selling before the anniversary creates a loss from a private disposal of €930, before fees.

Under the law, this loss can only be offset against gains from other private disposals in the same calendar year. These include gains on bitcoin, ether or other coins sold in 2026 within one year of purchase, but also the sale of gold or a rented flat within the respective holding period. It cannot be offset against salary or share gains.

If there are no such gains in 2026, the loss is not lost. Under Section 23 (3) sentence 8, it reduces gains from private disposals in the previous year, 2025, or in subsequent years. For the tax office to record it, it belongs in Annex SO of the 2026 tax return, even if nothing else goes in it.

The €1,000 exemption limit: a small loss can wipe out the whole tax bill

Since 2024, gains from private disposals have remained tax-free if the total gain for a year is below €1,000. This is an exemption limit and not an allowance: anyone who makes €1,000 or more pays tax on the full amount at their personal rate, not just on the part above the threshold.

This is exactly where the Dogecoin loss becomes valuable. Suppose you bought ether in spring 2026 and sold it in the summer with a gain of €1,200. Without a loss you are above the limit and pay tax on €1,200, which at a tax rate of 30 percent comes to €360. With the DOGE loss of €930, the total gain falls to €270. That is below €1,000, and the tax disappears entirely. Crypto tax tools and portfolio trackers that import exchange exports and show gains and losses per position help you keep track of calculations like these.

FIFO order: older DOGE holdings count as sold first

If you bought DOGE in several tranches, you need to know which coins count as disposed of when you sell. In its guidance on crypto assets, the tax administration allows the first in, first out order for this. FIFO means the oldest coins in a wallet or exchange account are treated as sold first.

That has an awkward consequence. Anyone who holds DOGE from 2021 in the same account alongside the November 2025 purchase will, under FIFO, sell the old, tax-free coins first. The November loss only arises once the sale goes beyond the older holdings. A tax tool or your account's purchase history shows how your holdings are layered before you place an order.

Holding period reform 2027: the December 31 cut-off is only in a draft

The one-year rule remains unchanged. A draft bill from the Federal Ministry of Finance dated September 30, 2026, would subject crypto assets bought from January 1, 2027, to the 25 percent flat-rate withholding tax. For purchases up to December 31, 2026, the one-year rule would remain. Nothing has been decided: the cabinet meeting on November 4 did not take up the draft either, and the Bundesrat only has two regular sessions left this year, on November 20 and December 18. All dates are listed in our overview of the status of the crypto holding period reform.

For the losses from November 2025, the reform changes nothing. They stem from purchases made before the cut-off date and run out of time under current law, regardless of what the final legislation looks like.

August 2026 as a comparison: $0.0695 was followed by 34 percent in a week

The last comparable low was three months ago. On August 7, DOGE fell to $0.0690, the lowest daily value of the past twelve months. The weekly close on August 16 was $0.0695. One week later, on August 23, the week closed at $0.0934, a gain of 34 percent.

The comparison shows two things. First, a Dogecoin recovery can come out of nowhere, without the preceding weeks having hinted at anything. Second, it did not last: by mid-September the weekly close had fallen back to $0.0824, and the rise to $0.0969 at the end of September remained the autumn high. Anyone who realises a loss for tax purposes in November may therefore miss such a move if they do not buy back in. Whether and when you buy DOGE back is a separate decision that has nothing to do with the tax deadline.

Dogecoin from the newsroom's perspective: the tax deadline can be planned, the turnaround cannot

Our assessment: the Dogecoin price currently shows no sign of a trend reversal. The case for that view rests on five lower weekly closes since October 4, the death cross of October 29 and a 30-day decline of 15.7 percent against 8.4 percent for bitcoin. Against it: the $0.0690 level held in August, and from there the price rose by a third within a week. We see no trigger for such a move today, but it cannot be ruled out.

For holders in Germany, this results in a clear order of priorities. The price question remains open; the tax question has a date. Anyone holding November 2025 purchases at a loss who has gains from private disposals in 2026 should know before the respective anniversary whether a sale makes sense. A sale remains a decision that carries risk; crypto assets can fall all the way to a total loss.

Dogecoin losses still count until the anniversary of the purchase

1. Check purchase dates: export your account's transaction history and mark all DOGE purchases between November 9 and December 31, 2025, with date and cost basis. A tax tool does this for several exchanges at once.
2. Offset against 2026 gains: add up this year's gains from sales within the holding period. If the total is just above €1,000, a DOGE loss can push it below the exemption limit.
3. Execute the sale before the anniversary: if you decide to sell, schedule it for no later than the day before the anniversary and keep an eye on your exchange's fees. What trading venues cost is shown in our comparison of crypto exchanges.

(As of November 8, 2026. This article is not investment advice and not tax advice. Prices and fee structures change; check the terms with the provider before you buy. For your personal tax situation, consult a tax adviser.)