Encyclopedia Supply, markets and the chain · Entry 425
Bitcoin price history, year by year: 2010 to 2025 from one sourced dataset
In this article
At a glance
Key facts
| Fact | Detail | Source |
|---|---|---|
| Data | Coin Metrics PriceUSD, one observation per UTC day, value on 31 December, nominal dollars | [1][2] |
| First observation | $0.0858 on 18 July 2010 | [2] |
| End of 2013 | $729.56 | [1] |
| End of 2017 | $13,921.48 | [1] |
| End of 2021 | $46,355.12 | [1] |
| End of 2025 | $87,516.98 | [1] |
| Deepest falls | Completed daily-close drawdowns of 92.75%, 84.52%, 83.78% and 76.67% in the dataset ending 31 December 2025 | [4][2] |
Where these numbers come from, and what they are not
Every price in this article comes from one file: the site’s published dataset of year-end and halving-window observations, version 1.1.0, which takes its prices from Coin Metrics, a data firm whose community data is published as a downloadable spreadsheet. The metric is Coin Metrics’ PriceUSD, one observation per day in Coordinated Universal Time, and the annual figure is the value recorded for 31 December. Prices are nominal dollars, not adjusted for inflation.
Coin Metrics builds its reference price by selecting exchange markets that pass volume and quality thresholds, discarding prices more than 3 percent from the median, taking a volume-weighted median within each minute, and averaging over a 61-minute window. That is a careful answer to “what was the price?” for the years when many exchanges traded around the clock. For 2010 and 2011, when a handful of thin markets set the price, the dataset itself cautions that early figures are less comparable with later ones.
One more thing this table is not: a forecast. The dataset’s own caveats say that four halvings are not a controlled experiment, that its fitted trend line is descriptive rather than predictive, and that nothing here is advice. Past prices tell you what happened. They tell you nothing certain about what happens next.
A source limitation matters when reusing the older version 1.1.0 file: its fields labeled price_minus_365d use the same calendar date in the previous year. For these leap-year halvings that is 366 days earlier. The annual values and following-365-day returns used in this article were independently reproduced from the pinned daily series; the older pre-window labels should not be reused as exact 365-day measurements.
2010 to 2013: from eight cents to hundreds of dollars
The first observation in the Coin Metrics series is 18 July 2010, at about $0.086. Two months earlier a programmer had paid 10,000 BTC for two pizzas, a story our Pizza Day article tells. The year ended at $0.30. By the end of 2011 the price was $4.71, and by the end of 2012, a month after the first halving on 28 November 2012, when the price was $12.33, it was $13.55.
Then came 2013. The year closed at $729.56, and the exchange handling much of the trading was Mt. Gox, where customers held balances in the company’s database rather than coins of their own. In February 2014 it suspended withdrawals, and on 28 February 2014 it applied for civil rehabilitation in Japan, saying that almost all of the roughly 850,000 BTC it thought it held had disappeared. A rescan of an old wallet on 7 March 2014 turned up 199,999.99 BTC, cutting the missing total to about 650,000. Our Mt. Gox dossier follows the creditor process, which was still paying out more than a decade later.
2014 to 2017: a long winter, then the first mania
From its 2013 high the price fell 84.52 percent to its low and took 1,177 days to recover, one of four completed drawdowns of more than 76 percent in the record. Year-ends tell the story in slow motion: $320.66 at the end of 2014, $429.68 at the end of 2015, $968.97 at the end of 2016. The second halving passed on 9 July 2016 with the price at $651.94.
2017 was the year Bitcoin became a household word. The year closed at $13,921.48, roughly fourteen times the previous year-end. The market cycles dossier lays each of these cycles over the others and is careful about what the overlap does and does not show.
2018 to 2021: the second winter and the pandemic-era peak
The fall from the 2017 peak was 83.78 percent, and recovery took 1,080 days. 2018 closed at $3,687.20 and 2019 at $7,167.40. The third halving arrived on 11 May 2020 with the price at $8,591.65, in the first months of the pandemic.
2020 ended at $29,022.67 and 2021 at $46,355.12, the highest year-end value to that point. The dataset records the return over the 365 days after the 2020 halving at about 559 percent, the third such rise in a row, and the dossier explains why three in a row is still not a law.
2022 to 2025: collapse, recovery and the ETF era
From the 2021 peak the price fell 76.67 percent, the shallowest of the four big drawdowns, and recovered in 847 days. 2022 closed at $16,524.22 and 2023 at $42,217.16.
On 10 January 2024 the Securities and Exchange Commission approved eleven exchange rule changes allowing spot bitcoin exchange-traded funds, products that hold bitcoin and trade on stock exchanges, and the first began trading on 11 January 2024. The order said the commission had approved the listing of the products, not endorsed bitcoin. The fourth halving followed on 20 April 2024 at $64,907.99, and the year closed at $93,389.73. 2025 closed at $87,516.98, below the previous year-end, with five of the largest trusts holding about 1.214 million BTC between them on 31 December 2025. Our ETF dossier tracks the holdings fund by fund.
What sixteen year-ends do and do not tell you
Laid end to end, the numbers show a price that rose by orders of magnitude, punctuated by four falls of more than three-quarters. The dataset also records what happened in the year after each halving: rises of about 8,069 percent, 284 percent, 559 percent and 31 percent. It is tempting to read that as a pattern. The dataset’s caveats say why you should not: four episodes are not a controlled experiment, and each coincided with changes in demand, liquidity, leverage, regulation and the wider economy that a halving date cannot separate out.
The same file fits a straight line through the price on logarithmic axes and finds that it describes the past closely, with an R-squared of about 0.96 in log space. The dossier labels this a contested descriptive fit, not a protocol rule or a forecast, and shows that the fitted coefficients change materially when the starting year is moved. The daily residuals are strongly serially correlated, which means the fit’s apparent tightness says little about its use out of sample.
So the honest reading is the boring one. These are the recorded prices, sourced and reproducible, and anyone can download the file and check them. What the market will do next is not in the file, and no arrangement of the past can put it there. This site publishes history, not advice.
Direct answers
Questions people ask
What was the price of bitcoin in 2010?
The Coin Metrics series begins on 18 July 2010 at about $0.086, and the year ended at $0.30. There is no earlier daily reference price, because before mid-2010 there was barely a market to measure.
What was bitcoin worth at each halving?
About $12.33 on 28 November 2012, $651.94 on 9 July 2016, $8,591.65 on 11 May 2020 and $64,907.99 on 20 April 2024, using the Coin Metrics daily reference price for each date.
Does the halving make the price go up?
The record shows a rise in the year after each of the four halvings, but the dataset and the dossier are explicit that four episodes cannot identify a cause; demand, liquidity, leverage, regulation and the wider economy changed at the same time. A halving changes the supply of new coins, not the price.
Where can I download these numbers?
The site’s dataset is a public JSON file listed in our sources, and it names the exact Coin Metrics file and commit it was built from, with a checksum, so every figure here can be reproduced.
Inspect the evidence
The answer and key facts have stable claim links. These records retain the scope and qualification when reused.
The first price in this site’s dataset is about eight cents, on 18 July 2010. Year-end values then ran from $0.30 in 2010 to $729.56 in 2013, $13,921.48 in 2017, $46,355.12 in 2021 and $87,516.98 at the end of 2025, with four falls of more than 76 percent along the way. The figures come from Coin Metrics daily reference prices. They describe what happened and say nothing about what comes next.
Scope: Bitcoin · data through 2025-12-31. Verification: verified · 2026-10-02T16:01:48.343Z.
Link to this claimData: Coin Metrics PriceUSD, one observation per UTC day, value on 31 December, nominal dollars
Scope: Bitcoin · data through 2025-12-31. Verification: verified · 2026-10-02T16:01:48.343Z.
Link to this claimFirst observation: $0.0858 on 18 July 2010
Scope: Bitcoin · data through 2025-12-31. Verification: verified · 2026-10-02T16:01:48.343Z.
Link to this claimEnd of 2013: $729.56
Scope: Bitcoin · data through 2025-12-31. Verification: verified · 2026-10-02T16:01:48.343Z.
Link to this claimEnd of 2017: $13,921.48
Scope: Bitcoin · data through 2025-12-31. Verification: verified · 2026-10-02T16:01:48.343Z.
Link to this claimEnd of 2021: $46,355.12
Scope: Bitcoin · data through 2025-12-31. Verification: verified · 2026-10-02T16:01:48.343Z.
Link to this claimEnd of 2025: $87,516.98
Scope: Bitcoin · data through 2025-12-31. Verification: verified · 2026-10-02T16:01:48.343Z.
Link to this claimDeepest falls: Completed daily-close drawdowns of 92.75%, 84.52%, 83.78% and 76.67% in the dataset ending 31 December 2025
Scope: Bitcoin · data through 2025-12-31. Verification: verified · 2026-10-02T16:01:48.343Z.
Link to this claimRevision history
- — Initial Bitcoin encyclopedia entry at this permanent URL.
- — Corrected scope or wording: the first of four drawdowns of more than 76 percent in the record Corrected key fact: Deepest falls Corrected the sequence of completed drawdowns and explicitly included the earlier 2011 decline. Reproduced annual values, all four drawdowns, following-365-day returns and regression diagnostics from the pinned CSV; disclosed the immutable dataset’s mislabeled preceding-window fields without changing that historical release.
- — Added reusable claims, explicit source locators, and matching Markdown and JSON. This publishing change does not itself establish factual verification.
Source register
Sources and references
Retrieval dates and locators are recorded individually.- Bitcoin Price, Halving and Power-Law Selected Observation Set, v1.1.02026-08-08Degrees of Satoshi
The 31 December PriceUSD observations for 2010 to 2025, the four halving windows with prices and 365-day returns, the power-law fit diagnostics, and the caveats.
Locator: The 31 December PriceUSD observations for 2010 to 2025, the four halving windows with prices and 365-day returns, the power-law fit diagnostics, and the caveats. · Retrieved: 2026-10-02T14:49:23.911215+00:00Open source - Coin Metrics community network data for Bitcoin, btc.csv (pinned commit)Coin Metrics, GitHub
The upstream daily PriceUSD series, including the first observation of $0.08584 on 18 July 2010 and the 31 December values the dataset reproduces.
Locator: The upstream daily PriceUSD series, including the first observation of $0.08584 on 18 July 2010 and the 31 December values the dataset reproduces. · Version / scope: f1a36afb962731c387bb03982758ab0103063da5 · Retrieved: 2026-10-02T15:14:09.049051+00:00Open source - Coin Metrics Prices MethodologyCoin Metrics documentation
How the reference rate is built: market selection by volume and quality, exclusion of prices more than 3 percent from the median, volume-weighted medians per minute and a 61-minute time-weighted average.
Locator: How the reference rate is built: market selection by volume and quality, exclusion of prices more than 3 percent from the median, volume-weighted medians per minute and a 61-minute time-weighted average. · Retrieved: 2026-10-02T14:50:09.350881+00:00Open source - Bitcoin Market Cycles and the Power-Law Debate: Rallies, Drawdowns and EvidenceDegrees of Satoshi
The four drawdowns of more than 76 percent with their recovery times, the post-halving returns, and the finding that the log-log fit is descriptive, not predictive.
Locator: The four drawdowns of more than 76 percent with their recovery times, the post-halving returns, and the finding that the log-log fit is descriptive, not predictive. · Retrieved: 2026-10-02T14:50:07.902588+00:00Open source - The Mt. Gox Collapse: Losses, Wallets and a Decade of RepaymentsDegrees of Satoshi
Withdrawals suspended in February 2014, civil rehabilitation on 28 February 2014, about 850,000 BTC reported missing, 199,999.99 BTC found on 7 March 2014, and the creditor process into 2025.
Locator: Withdrawals suspended in February 2014, civil rehabilitation on 28 February 2014, about 850,000 BTC reported missing, 199,999.99 BTC found on 7 March 2014, and the creditor process into 2025. · Retrieved: 2026-10-02T14:50:08.240935+00:00Open source - U.S. Spot Bitcoin ETFs: Trust Ownership, Brokerage Access and the 2024 LaunchDegrees of Satoshi
SEC approval of eleven proposals on 10 January 2024, first trading on 11 January 2024, the order’s wording that it approved listings rather than endorsing bitcoin, and holdings of about 1.214 million BTC across five trusts on 31 December 2025.
Locator: SEC approval of eleven proposals on 10 January 2024, first trading on 11 January 2024, the order’s wording that it approved listings rather than endorsing bitcoin, and holdings of about 1.214 million BTC across five trusts on 31 December 2025. · Retrieved: 2026-10-02T14:50:08.295413+00:00Open source
Research and drafting use AI assistance. A separate automated review checks claims against primary sources; no external expert or named human review is implied. Publication, substantive editing, source retrieval and verification are recorded separately. This version was independently checked by an automated reviewer on 2 October 2026.
Editorial method and correctionsDegrees of Satoshi editorial project. “Bitcoin price history, year by year: 2010 to 2025 from one sourced dataset.” Published 2026-09-23; updated 2026-10-02. https://degreesofsatoshi.com/encyclopedia/bitcoin-price-history/