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Bitcoin Price in 2022

In 2022, the price of bitcoin averaged $28,197.88 per coin, down 40.6% from the year before. This page covers the 2022 average, high, low, and year-end close, the events that moved the market, and what that bitcoin would be worth in today's dollars.

2022 Average

$28,197.88

Annual average of daily closes

Change vs 2021

-40.6%

from $47,436.93 in 2021

What happened to the bitcoin price in 2022

Bitcoin averaged $28,197.88 per coin in 2022, collapsing 40.6% from the $47,436.93 average of 2021. The defining story of 2022: Bear market; Terra/LUNA (May) and FTX (Nov) collapses; fell to ~$16.5k by year-end..

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 2022 average of $28,197.88 equals about $31,049 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 2022?
Bitcoin averaged $28,197.88 per coin in 2022, based on annual average data from daily closing prices. That average was down 40.6% from $47,436.93 in 2021.
What is a 2022 bitcoin price worth in today's dollars?
Adjusted with the US Consumer Price Index, bitcoin's 2022 average of $28,197.88 works out to roughly $31,049 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 2022?
The defining story of 2022: Bear market; Terra/LUNA (May) and FTX (Nov) collapses; fell to ~$16.5k by year-end.. Against that backdrop, the annual average fell 40.6%, from $47,436.93 in 2021 to $28,197.88.

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.