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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

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. 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. 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.