Bitcoin Price in August 2023
In August 2023, bitcoin fell 11.3%, from $29,230.11 at the end of July to $25,931.47 per bitcoin on August 31, 2023. The highest close was $29,765.49 on August 8, 2023, the lowest $25,931.47 on August 31, 2023, and the average over 31 days was $27,852.79. Today's price is 214.7% higher than the August 2023 close.
- Bitcoin fell 11.3% in US dollars in August 2023, leaving it up 56.7% for the year to date.
- Measured in other currencies, the change ranged from −11.8% in TRY to +14.0% in ARS, because exchange rates moved too.
- It did worse than gold (−0.2%), silver (−1.5%) and US stocks (−1.6%).
- It closed higher on 12 days and lower on 19, with an average daily move of 1.22%.
- At the end of the month it was 61.6% below its highest close since 2014.
- Bitcoin in ounces of gold: 14.8 → 13.2.
- The biggest reaction to a scheduled US release was to the CPI inflation (July 2023) on 10 August: −0.4% that day.
Bitcoin price chart, August 2023
US dollars per bitcoin · daily closeBitcoin in other currencies, August 2023
| Currency | Change in the month |
|---|---|
| ARS | +14.0% |
| PKR | −5.2% |
| ZAR | −5.8% |
| JPY | −7.9% |
| BRL | −8.2% |
| AUD | −8.8% |
| CAD | −9.4% |
| GBP | −10.3% |
| EUR | −10.5% |
| INR | −10.8% |
| NGN | −11.2% |
| TRY | −11.8% |
Price in each currency at each day's exchange rate, previous month-end to this month-end. A weaker currency makes bitcoin rise more in local terms.
Bitcoin vs other assets, August 2023
| Asset | Change (USD) |
|---|---|
| Bitcoin | −11.3% |
| Gold | −0.2% |
| Silver | −1.5% |
| S&P 500 (with dividends) | −1.6% |
| US inflation (CPI, month) | +0.44% |
| Bitcoin, year to date (end of August) | +56.7% |
| Bitcoin in ounces of gold | 14.8 → 13.2 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
The Fed and US Data in August 2023
Scheduled US releases this month and how bitcoin moved. For Fed decisions the move covers two sessions, because the statement comes after the gold futures settle.
| Date | Release | Result | Bitcoin |
|---|---|---|---|
| Fri 4 Aug | Jobs report (July 2023) | — | −0.4% |
| Thu 10 Aug | CPI inflation (July 2023) | — | −0.4% |
Daily Bitcoin Prices, August 2023
Closing price for every day, with the same price in INR and EUR at that day's exchange rate.
| Date | Close (USD per BTC) | Change | India, ₹ per BTC | Euro, € per BTC |
|---|---|---|---|---|
| Aug 1Tue | $29,675.73 | +1.52% | ₹24,40,333 | €26,984 |
| Aug 2Wed | $29,151.96 | −1.76% | ₹23,99,419 | €26,482 |
| Aug 3Thu | $29,178.68 | +0.09% | ₹24,14,048 | €26,661 |
| Aug 4Fri | $29,074.09 | −0.36% | ₹24,06,878 | €26,548 |
| Aug 5Sat | $29,042.13 | −0.11% | ₹24,04,232 | €26,518 |
| Aug 6Sun | $29,041.86 | 0.00% | ₹24,04,210 | €26,518 |
| Aug 7Mon | $29,180.58 | +0.48% | ₹24,13,097 | €26,522 |
| Aug 8Tue | $29,765.49 | +2.00% | ₹24,63,044 | €27,051 |
| Aug 9Wed | $29,561.49 | −0.69% | ₹24,49,022 | €26,975 |
| Aug 10Thu | $29,429.59 | −0.45% | ₹24,38,721 | €26,807 |
| Aug 11Fri | $29,397.71 | −0.11% | ₹24,34,128 | €26,770 |
| Aug 12Sat | $29,415.96 | +0.06% | ₹24,35,639 | €26,786 |
| Aug 13Sun | $29,282.91 | −0.45% | ₹24,24,622 | €26,665 |
| Aug 14Mon | $29,408.44 | +0.43% | ₹24,37,881 | €26,870 |
| Aug 15Tue | $29,170.35 | −0.81% | ₹24,27,947 | €26,738 |
| Aug 16Wed | $28,701.78 | −1.61% | ₹23,87,822 | €26,322 |
| Aug 17Thu | $26,664.55 | −7.10% | ₹22,19,477 | €24,521 |
| Aug 18Fri | $26,049.56 | −2.31% | ₹21,64,674 | €23,955 |
| Aug 19Sat | $26,096.21 | +0.18% | ₹21,68,550 | €23,998 |
| Aug 20Sun | $26,189.58 | +0.36% | ₹21,76,310 | €24,084 |
| Aug 21Mon | $26,124.14 | −0.25% | ₹21,72,674 | €24,021 |
| Aug 22Tue | $26,031.66 | −0.35% | ₹21,63,582 | €23,887 |
| Aug 23Wed | $26,431.64 | +1.54% | ₹21,95,764 | €24,367 |
| Aug 24Thu | $26,162.37 | −1.02% | ₹21,59,565 | €24,077 |
| Aug 25Fri | $26,047.67 | −0.44% | ₹21,52,616 | €24,120 |
| Aug 26Sat | $26,008.46 | −0.15% | ₹21,49,376 | €24,084 |
| Aug 27Sun | $26,089.69 | +0.31% | ₹21,56,089 | €24,159 |
| Aug 28Mon | $26,106.15 | +0.06% | ₹21,58,047 | €24,180 |
| Aug 29Tue | $27,727.39 | +6.21% | ₹22,92,820 | €25,612 |
| Aug 30Wed | $27,297.27 | −1.55% | ₹22,51,880 | €25,113 |
| Aug 31Thu | $25,931.47 | −5.00% | ₹21,44,543 | €23,720 |
How August usually goes for bitcoin
In the 11 years from 2015 to 2025, bitcoin rose in August 3 times out of 11, with an average move of −0.2% and a median of −7.9%.
Bitcoin in August 2023: FAQ
What was the price of bitcoin in August 2023?
Bitcoin traded between $25,931.47 and $29,765.49 per bitcoin (daily closes) in August 2023, averaging $27,852.79. It closed the month at $25,931.47.
How much did bitcoin go down in August 2023?
Bitcoin fell 11.3%, from $29,230.11 to $25,931.47. The biggest daily rise was +6.2% on August 29, 2023 and the biggest fall −7.1% on August 17, 2023.
What was the bitcoin price on August 1, 2023?
Bitcoin closed at $29,675.73 per bitcoin on August 1, 2023, the first day of the month. India, ₹ per BTC: ₹24,40,333.
Is August usually a good month for bitcoin?
In the 11 years from 2015 to 2025, bitcoin rose in August 3 times out of 11, with an average move of −0.2% and a median of −7.9%. Past seasonal patterns are not a reliable guide to any single year.
How much did bitcoin change in rupees in August 2023?
Bitcoin fell 10.8% in Indian rupee terms in August 2023, compared with −11.3% in US dollars.
Did bitcoin beat stocks in August 2023?
No. Bitcoin was −11.3% for the month, against −1.6% for the S&P 500 with dividends.
How did bitcoin react to the Fed and US data in August 2023?
Of 2 scheduled US releases this month, the biggest move came after the CPI inflation (July 2023) on 10 August: −0.4%. The full list with each reaction is on this page.
Did bitcoin keep up with inflation in August 2023?
US consumer prices (CPI) changed +0.44% in August, so bitcoin's real (inflation-adjusted) change was about −11.7%.