The year 2024 was a historic one for Bitcoin. At the very beginning of the year, the approval and launch of U.S. spot Bitcoin ETFs marked a new era in institutional access. In spring, the fourth halving took place, summer brought a sharp correction, and in the autumn–winter period, a powerful rally led to new all-time highs. Starting the year at $43,836, BTC reached $73,835 on March 14, 2024, a record at the time. In mid-December, it climbed to a new peak of $100,105, and closed the year at $93,412 on December 31, 2024.
On the macro side, debates over the “interest rate peak,” demand fueled by ETF approvals, and reduced block rewards after the halving were the main factors shaping price direction. 2024 went down as a period where institutional investment became permanent and Bitcoin’s supply flow declined significantly.
First Half of 2024: ETF Approval, ATH, and Halving
In the opening days of the year, Bitcoin traded in the $42,000–$44,000 range. In January, the approval and immediate trading of U.S. spot Bitcoin ETFs created a wave of confidence in the market. Large net inflows into funds quickly drove the price higher. In February–March, with both institutional and retail demand rising, volatility increased, and the rally strengthened.
On March 14, 2024, BTC hit $73,835, its all-time high up to that date. However, after the halving on April 20, 2024, the “sell the news” effect and profit-taking pulled the price back into the $60,000–$65,000 band during April–May. Overall, the first half was marked by a sharp ETF-driven rise followed by a healthy post-halving correction.
Summer: Sharp Correction and a Tight Market
From late June to early July, selling pressure increased. Amid low-liquidity conditions, negative headlines and profit-taking pushed Bitcoin down to $54,920 in the first week of July. During this period, short-term investor profitability declined, and liquidations of leveraged positions boosted daily volatility.
Throughout August, the price consolidated in the $65,000–$70,000 range. ETF inflows and outflows, along with macroeconomic data, determined price movements. Although trading volumes weakened, spot buying interest at lower levels remained strong, laying the groundwork for an upward move in autumn
Autumn–Winter: Record-Breaking Rally and Strong Close
In September–October, expectations of an interest rate peak, steady ETF inflows, and institutional buying put Bitcoin back into an uptrend. Resistance levels were broken one by one, and on December 9, 2024, BTC reached $100,105, setting a new all-time high.
In the final weeks of the year, partial profit-taking and reduced holiday liquidity caused a slight pullback, but Bitcoin still closed at $93,412 on December 31, 2024. Thus, 2024 ended with a very strong gain.
Bitcoin 2024 Price Summary
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Opening price (Jan 1): 43,836 USD
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Lowest price of the year: 39,555 USD (late January)
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Mid-year peak: 73,835 USD (March 14)
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Highest price of the year: 100,105 USD (December 9)
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Closing price (Dec 31): 93,412 USD
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Annual performance: approximately +113%
2024 and Current Bitcoin Price Table
You can review all daily/monthly closing prices for 2024 by entering “2024” in the date section of the table. You can also follow the current BTC price in the box below.
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