Bitcoin YearsMarch 2023 Bitcoin price in March 2023
Bitcoin opened March 2023 at about $23,647. Here is how that price compares with the month before, the year before and the months that followed.
- Price on the 1st
- $23,647
- Change on previous month
- −0.3%
- Change on a year earlier
- −47%
The price in context
On Mar 1, 2023, Bitcoin was priced at about $23,647. That is down 0.3% from February, when it started the month at $23,724.
In 2023, first-of-month prices ranged from $16,625 in January to $38,689 in December.
A year earlier, in March 2022, the price was $44,355, so over twelve months Bitcoin was down 47%.
Twelve months later, in March 2024, the price was $62,441 (+164%).
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 3.3 times as much today. See the Bitcoin calculator.
What happened this month
Silicon Valley Bank collapses. Regulators close Silicon Valley Bank, the biggest US bank failure since 2008. Bitcoin dips, then rallies as investors look outside the banks.
Banks fail, a stablecoin wobbles, Bitcoin rallies. In March 2023 the crisis came from the traditional banking system. Silvergate, a bank used by many crypto firms, announced it would wind down, and on 10 March Silicon Valley Bank collapsed in the second-largest bank…
Price by month in 2023
Bitcoin price on the first day of each month, in US dollars. This month is highlighted.
Read what happened in 2023 → · Joined Bitcoin in March 2023? Make your card → · All prices →