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Bitcoin Price in 2016

In 2016, the price of bitcoin averaged $568.49 per coin, up 108.7% from the year before. This page covers the 2016 average, high, low, and year-end close, the events that moved the market, and what that bitcoin would be worth in today's dollars.

2016 Average

$568.49

Annual average of daily closes

Change vs 2015

+108.7%

from $272.45 in 2015

What happened to the bitcoin price in 2016

Bitcoin averaged $568.49 per coin in 2016, surging 108.7% from the $272.45 average of 2015. Annual moves of that size are rare and put 2016 among the most explosive years in the asset's modern history. The defining story of 2016: Steady recovery; second halving (25 to 12.5 BTC) in July; year-end approached ~$1,000..

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 2016 average of $568.49 equals about $763 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 2016?
Bitcoin averaged $568.49 per coin in 2016, based on annual average data from daily closing prices. That average was up 108.7% from $272.45 in 2015.
What is a 2016 bitcoin price worth in today's dollars?
Adjusted with the US Consumer Price Index, bitcoin's 2016 average of $568.49 works out to roughly $763 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 2016?
The defining story of 2016: Steady recovery; second halving (25 to 12.5 BTC) in July; year-end approached ~$1,000.. Against that backdrop, the annual average climbed 108.7%, from $272.45 in 2015 to $568.49.

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.