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Bitcoin Price in 2023

In 2023, the price of bitcoin averaged $28,859.47 per coin, up 2.3% from the year before. This page covers the 2023 average, high, low, and year-end close, the events that moved the market, and what that bitcoin would be worth in today's dollars.

2023 Average

$28,859.47

Annual average of daily closes

Change vs 2022

+2.3%

from $28,197.88 in 2022

What happened to the bitcoin price in 2023

Bitcoin averaged $28,859.47 per coin in 2023, up 2.3% from $28,197.88 the year before. The notable development of 2023: Recovery year; banking-stress and ETF-anticipation rallies lifted BTC to ~$42k 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 2023 average of $28,859.47 equals about $30,526 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 2023?
Bitcoin averaged $28,859.47 per coin in 2023, based on annual average data from daily closing prices. That average was up 2.3% from $28,197.88 in 2022.
What is a 2023 bitcoin price worth in today's dollars?
Adjusted with the US Consumer Price Index, bitcoin's 2023 average of $28,859.47 works out to roughly $30,526 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 2023?
The defining story of 2023: Recovery year; banking-stress and ETF-anticipation rallies lifted BTC to ~$42k by year-end.. Against that backdrop, the annual average climbed 2.3%, from $28,197.88 in 2022 to $28,859.47.

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.