Bitcoin YearsMay 2023 Bitcoin price in May 2023
Bitcoin opened May 2023 at about $28,092. Here is how that price compares with the month before, the year before and the months that followed.
- Price on the 1st
- $28,092
- Change on previous month
- −1.1%
- Change on a year earlier
- −27%
The price in context
On May 1, 2023, Bitcoin was priced at about $28,092. That is down 1.1% from April, when it started the month at $28,411.
In 2023, first-of-month prices ranged from $16,625 in January to $38,689 in December.
A year earlier, in May 2022, the price was $38,469, so over twelve months Bitcoin was down 27%.
Twelve months later, in May 2024, the price was $58,254 (+107%).
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 2.8 times as much today. See the Bitcoin calculator.
Nearby in Bitcoin history
No major event is recorded on our site for this month. The closest ones:
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.
BlackRock files to launch a spot Bitcoin ETF, the iShares Bitcoin Trust. More →
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 May 2023? Make your card → · All prices →