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Bitcoin Price in 2011

In 2011, the price of bitcoin averaged $5.85 per coin, up 4078.6% from the year before. This page covers the 2011 average, high, low, and year-end close, the events that moved the market, and what that bitcoin would be worth in today's dollars.

2011 Average

$5.85

Annual average of daily closes

Change vs 2010

+4078.6%

from $0.14 in 2010

What happened to the bitcoin price in 2011

Bitcoin averaged $5.85 per coin in 2011, surging 4078.6% from the $0.14 average of 2010. Annual moves of that size are rare and put 2011 among the most explosive years in the asset's modern history. The defining story of 2011: First bubble to ~$29-32 in June on Mt. Gox, then crash to ~$2-5 by year-end..

Bitcoin's 2010s took it from a fraction of a dollar to a global asset. After its first real pricing in 2010, it ran through the 2011 and 2013 bubbles, the Mt. Gox collapse and a multi-year bear market, and finally the 2017 mania that carried it near $20,000.

Adjusted for inflation, bitcoin's 2011 average of $5.85 equals about $8.38 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.

Frequently Asked Questions

What was the price of bitcoin in 2011?
Bitcoin averaged $5.85 per coin in 2011, based on annual average data from daily closing prices. That average was up 4078.6% from $0.14 in 2010.
What is a 2011 bitcoin price worth in today's dollars?
Adjusted with the US Consumer Price Index, bitcoin's 2011 average of $5.85 works out to roughly $8.38 in today's dollars, using 2025 as the CPI base year. The conversion uses BLS CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
What moved the bitcoin price in 2011?
The defining story of 2011: First bubble to ~$29-32 in June on Mt. Gox, then crash to ~$2-5 by year-end.. Against that backdrop, the annual average climbed 4078.6%, from $0.14 in 2010 to $5.85.

Annual figures are the mean of daily closing prices in US dollars; 2010 is a partial year from mid-July, when continuous pricing begins. Where daily data exists, the per-year high, low, and close come from MetalCharts historical data. Inflation adjustments use BLS CPI-U annual averages.