Bitcoin Price in 2020

In 2020, the price of bitcoin averaged $11,116.38 per coin, up 50.3% from the year before. This page covers the 2020 average, high, low, and year-end close, the events that moved the market, and what that bitcoin would be worth in today's dollars.

2020 Average

$11,116.38

Annual average of daily closes

Change vs 2019

+50.3%

from $7,395.25 in 2019

2020 High

$29,244.88

from daily trading data

2020 Low

$4,106.98

from daily trading data

Year-End Close

$29,001.72

last trading day of 2020

Bitcoin Price Chart, 2010 to 2025

Annual average bitcoin price per coin, 2010 to 2025, with 2020 marked. Log scale: each gridline is 100 times the one below.

What happened to the bitcoin price in 2020

Bitcoin averaged $11,116.38 per coin in 2020, surging 50.3% from the $7,395.25 average of 2019. Annual moves of that size are rare and put 2020 among the most explosive years in the asset's modern history. Daily trading data shows bitcoin moved between a low of $4,106.98 and a high of $29,244.88 during the year, ending 2020 at $29,001.72. The defining story of 2020: COVID crash in March then recovery; third halving (12.5 to 6.25 BTC) in May; institutional adoption; year-end surge past $29k.

The 2020s brought Bitcoin into the institutional era. Pandemic stimulus and corporate treasuries drove the run to a $69,000 high in 2021, the 2022 FTX-era crash followed, and US spot ETFs plus the 2024 halving powered a surge past $100,000.

Adjusted for inflation, bitcoin's 2020 average of $11,116.38 equals about $13,844 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 2020?

Bitcoin averaged $11,116.38 per coin in 2020, based on annual average data from daily closing prices. Daily prices ranged from a low of $4,106.98 to a high of $29,244.88, and the year closed at $29,001.72. That average was up 50.3% from $7,395.25 in 2019.

What is a 2020 bitcoin price worth in today's dollars?

Adjusted with the US Consumer Price Index, bitcoin's 2020 average of $11,116.38 works out to roughly $13,844 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 2020?

The defining story of 2020: COVID crash in March then recovery; third halving (12.5 to 6.25 BTC) in May; institutional adoption; year-end surge past $29k. Against that backdrop, the annual average climbed 50.3%, from $7,395.25 in 2019 to $11,116.38.

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.