Bitcoin Price in May 2024
In May 2024, bitcoin rose 11.3%, from $60,636.86 at the end of April to $67,491.41 per bitcoin on May 31, 2024. The highest close was $71,448.20 on May 20, 2024, the lowest $58,254.01 on May 1, 2024, and the average over 31 days was $65,266.32. Today's price is 20.9% higher than the May 2024 close.
- Bitcoin rose 11.3% in US dollars in May 2024, leaving it up 59.7% for the year to date.
- Measured in other currencies, the change ranged from +9.5% in NGN to +13.5% in ARS, because exchange rates moved too.
- It did better than gold (+0.9%) and US stocks (+5.0%), and worse than silver (+14.8%).
- It closed higher on 15 days and lower on 16, with an average daily move of 2.12%.
- At the end of the month it was 7.7% below its highest close since 2014.
- Bitcoin in ounces of gold: 26.3 → 29.1.
- The biggest reaction to a scheduled US release was to the CPI inflation (April 2024) on 15 May: +7.7% that day.
Bitcoin price chart, May 2024
US dollars per bitcoin · daily closeBitcoin in other currencies, May 2024
| Currency | Change in the month |
|---|---|
| ARS | +13.5% |
| BRL | +13.2% |
| JPY | +11.8% |
| ZAR | +11.8% |
| CAD | +11.4% |
| PKR | +11.4% |
| INR | +11.1% |
| TRY | +10.9% |
| AUD | +10.2% |
| EUR | +10.1% |
| GBP | +9.8% |
| NGN | +9.5% |
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, May 2024
| Asset | Change (USD) |
|---|---|
| Bitcoin | +11.3% |
| Gold | +0.9% |
| Silver | +14.8% |
| S&P 500 (with dividends) | +5.0% |
| US inflation (CPI, month) | +0.17% |
| Bitcoin, year to date (end of May) | +59.7% |
| Bitcoin in ounces of gold | 26.3 → 29.1 |
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 May 2024
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 |
|---|---|---|---|
| Wed 1 May | Fed rate decision | Rates unchanged (5.25–5.50%) | −2.5% |
| Fri 3 May | Jobs report (April 2024) | — | +6.4% |
| Wed 15 May | CPI inflation (April 2024) | — | +7.7% |
Daily Bitcoin Prices, May 2024
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 |
|---|---|---|---|---|
| May 1Wed | $58,254.01 | −3.93% | ₹48,64,117 | €54,613 |
| May 2Thu | $59,123.43 | +1.49% | ₹49,31,273 | €55,144 |
| May 3Fri | $62,889.84 | +6.37% | ₹52,45,409 | €58,594 |
| May 4Sat | $63,891.47 | +1.59% | ₹53,28,951 | €59,528 |
| May 5Sun | $64,031.13 | +0.22% | ₹53,40,600 | €59,658 |
| May 6Mon | $63,161.95 | −1.36% | ₹52,66,443 | €58,709 |
| May 7Tue | $62,334.82 | −1.31% | ₹52,03,262 | €57,890 |
| May 8Wed | $61,187.94 | −1.84% | ₹51,07,351 | €56,917 |
| May 9Thu | $63,049.96 | +3.04% | ₹52,62,421 | €58,668 |
| May 10Fri | $60,792.78 | −3.58% | ₹50,73,729 | €56,367 |
| May 11Sat | $60,793.71 | 0.00% | ₹50,73,807 | €56,368 |
| May 12Sun | $61,448.39 | +1.08% | ₹51,28,446 | €56,975 |
| May 13Mon | $62,901.45 | +2.36% | ₹52,53,831 | €58,404 |
| May 14Tue | $61,552.79 | −2.14% | ₹51,39,996 | €57,029 |
| May 15Wed | $66,267.49 | +7.66% | ₹55,34,939 | €61,278 |
| May 16Thu | $65,231.58 | −1.56% | ₹54,40,647 | €59,902 |
| May 17Fri | $67,051.88 | +2.79% | ₹55,96,827 | €61,694 |
| May 18Sat | $66,940.80 | −0.17% | ₹55,87,556 | €61,592 |
| May 19Sun | $66,278.37 | −0.99% | ₹55,32,262 | €60,983 |
| May 20Mon | $71,448.20 | +7.80% | ₹59,51,663 | €65,697 |
| May 21Tue | $70,136.53 | −1.84% | ₹58,43,425 | €64,575 |
| May 22Wed | $69,122.34 | −1.45% | ₹57,59,052 | €63,675 |
| May 23Thu | $67,929.56 | −1.73% | ₹56,56,298 | €62,753 |
| May 24Fri | $68,526.10 | +0.88% | ₹57,07,292 | €63,373 |
| May 25Sat | $69,265.95 | +1.08% | ₹57,68,911 | €64,057 |
| May 26Sun | $68,518.09 | −1.08% | ₹57,06,625 | €63,366 |
| May 27Mon | $69,394.55 | +1.28% | ₹57,63,370 | €63,975 |
| May 28Tue | $68,296.22 | −1.58% | ₹56,78,537 | €62,880 |
| May 29Wed | $67,578.09 | −1.05% | ₹56,22,937 | €62,273 |
| May 30Thu | $68,364.99 | +1.16% | ₹56,99,289 | €63,292 |
| May 31Fri | $67,491.41 | −1.28% | ₹56,23,445 | €62,288 |
How May usually goes for bitcoin
In the 11 years from 2015 to 2025, bitcoin rose in May 6 times out of 11, with an average move of +9.1% and a median of +9.3%.
Bitcoin in May 2024: FAQ
What was the price of bitcoin in May 2024?
Bitcoin traded between $58,254.01 and $71,448.20 per bitcoin (daily closes) in May 2024, averaging $65,266.32. It closed the month at $67,491.41.
How much did bitcoin go up in May 2024?
Bitcoin rose 11.3%, from $60,636.86 to $67,491.41. The biggest daily rise was +7.8% on May 20, 2024 and the biggest fall −3.9% on May 1, 2024.
What was the bitcoin price on May 1, 2024?
Bitcoin closed at $58,254.01 per bitcoin on May 1, 2024, the first day of the month. India, ₹ per BTC: ₹48,64,117.
Is May usually a good month for bitcoin?
In the 11 years from 2015 to 2025, bitcoin rose in May 6 times out of 11, with an average move of +9.1% and a median of +9.3%. Past seasonal patterns are not a reliable guide to any single year.
How much did bitcoin change in rupees in May 2024?
Bitcoin rose 11.1% in Indian rupee terms in May 2024, compared with +11.3% in US dollars.
Did bitcoin beat stocks in May 2024?
Yes. Bitcoin was +11.3% for the month, against +5.0% for the S&P 500 with dividends.
How did bitcoin react to the Fed and US data in May 2024?
Of 3 scheduled US releases this month, the biggest move came after the CPI inflation (April 2024) on 15 May: +7.7%. The full list with each reaction is on this page.
Did bitcoin keep up with inflation in May 2024?
US consumer prices (CPI) changed +0.17% in May, so bitcoin's real (inflation-adjusted) change was about +11.1%.