Bitcoin YearsMay 2022 Bitcoin price in May 2022
Bitcoin opened May 2022 at about $38,469. Here is how that price compares with the month before, the year before and the months that followed.
- Price on the 1st
- $38,469
- Change on previous month
- −17%
- Change on a year earlier
- −33%
The price in context
On May 1, 2022, Bitcoin was priced at about $38,469. That is down 17% from April, when it started the month at $46,282.
In 2022, first-of-month prices ranged from $16,967 in December to $47,687 in January.
A year earlier, in May 2021, the price was $57,828, so over twelve months Bitcoin was down 33%.
Twelve months later, in May 2023, the price was $28,092 (−27%).
By this month, Bitcoin had been through 3 halvings.
Compared with the latest price in our data ($77,521, Nov 2026), one bitcoin bought at this month’s price would be worth 2.0 times as much today. See the Bitcoin calculator.
What happened this month
The Terra and Luna collapse. In May 2022, the stablecoin TerraUSD lost its dollar peg and its sister token Luna fell to almost nothing, wiping out tens of billions of dollars.
Terra and Luna: $40 billion vanishes in a week. Bitcoin had peaked at about $69,000 in November 2021, just as the Federal Reserve prepared to raise interest rates fast. By spring 2022 it was already well down, but the real damage came from a project that promised…
Price by month in 2022
Bitcoin price on the first day of each month, in US dollars. This month is highlighted.
Read what happened in 2022 → · Joined Bitcoin in May 2022? Make your card → · All prices →