Bitcoin price in 2020
How bitcoin's price moved through 2020, month by month, and the events behind the moves.
Bitcoin started at $7,167 on January 1, 2020 and ended 2020 at $29,023, a rise of 305%. Its highest daily close was $29,023 on December 31, 2020 and its lowest was $4,959 on March 12, 2020.
2020 at a glance
- Open
- $7,167
- Close
- $29,023
- Change over the year
- +305%
- Highest daily close
- $29,023 (Dec 31)
- Lowest daily close
- $4,959 (Mar 12)
- Intraday high (StatMuse)
- $29,245
- Intraday low (StatMuse)
- $4,107
Bitcoin price by month in 2020
| Month | Close | High (daily close) | Low (daily close) | Change |
|---|---|---|---|---|
| January | $9,357 | $9,509 | $6,947 | +30.6% |
| February | $8,582 | $10,362 | $8,582 | −8.3% |
| March | $6,432 | $9,147 | $4,959 | −25.0% |
| April | $8,652 | $8,762 | $6,625 | +34.5% |
| May | $9,434 | $9,994 | $8,592 | +9.0% |
| June | $9,144 | $10,199 | $9,002 | −3.1% |
| July | $11,338 | $11,338 | $9,067 | +24.0% |
| August | $11,678 | $12,316 | $11,094 | +3.0% |
| September | $10,772 | $11,970 | $10,109 | −7.8% |
| October | $13,807 | $13,807 | $10,556 | +28.2% |
| November | $19,664 | $19,664 | $13,596 | +42.4% |
| December | $29,023 | $29,023 | $18,062 | +47.6% |
"Close" is the price at the end of the month's last day. Change is against the previous month's close.
What happened in 2020
- March 12: as COVID-19 spreads, markets crash and bitcoin loses about 40% in a day.
- May 11: the third halving at block 630,000 cuts the reward from 12.5 to 6.25 BTC.
- August: MicroStrategy (now Strategy) starts buying bitcoin for its treasury. October: PayPal announces crypto buying for US users.
- December 16: bitcoin passes $20,000, its 2017 high, for the first time.
The third halving happened this year. Read how halvings work and when the next one is.
What $100 did in 2020
$100 of bitcoin bought at the start of the year ($7,167) would have been worth about $404.93 at the end of 2020, before fees and taxes. Bought at the year's high close instead, it would have been worth $100.00. Timing within a single year mattered a lot. To see what it would be worth today, use the Bitcoin investment calculator.
About these numbers
Prices are Coin Metrics' daily closing reference prices in US dollars. Other sources differ a little: the 2020 close was $29,002 on StatMuse and $28,977 on Coinlore, a gap of 0.2% from ours. See the method and cross-check for every year.
Frequently asked questions
What was the price of bitcoin in 2020?
It ranged from a low daily close of $4,959 to a high of $29,023. It started at $7,167 and ended the year at $29,023.
What was bitcoin's highest price in 2020?
The highest daily close was $29,023 on December 31, 2020. The highest intraday trade, per StatMuse, was $29,245.
Did bitcoin go up or down in 2020?
Up: it gained 305% from its opening price to the December 31 close.
Sources
- Coin Metrics free daily network data, PriceUSD (GitHub archive, CC BY-NC 4.0)
- Bitcoin price by year: open, high, low, close (StatMuse Money)
- Bitcoin historical data and yearly returns (Coinlore)
- Controlled supply (Bitcoin Wiki)
- History of bitcoin (Wikipedia)
Written for beginners and checked against the sources listed. Last reviewed November 4, 2026. This page is educational and is not financial, tax or legal advice. How we write and check pages.