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Bitcoin is Back on the Rise, Averaging $42K in January 2024

The world’s most valuable digital asset is worth more than double its price around this time a year ago. Boardroom breaks down some recent insights on Bitcoin.

Coinbase is a sponsored partner of Boardroom.

Bitcoin is back up, trading above the $43,000 threshold after briefly dipping below $39,000 a week and a half ago.

I already told you crypto is making a comeback in 2024, and in this video, I break down some of the numbers to show you how much Bitcoin has grown in the past year. I promise I will never give financial advice, but Bitcoin’s meteoric rise since its inception 15 years ago is not a part of history you want to miss out on.

Here’s a quick breakdown of Bitcoin’s average closing price in January for the past five years, per data from StatMuse:

  • January 2020: $9,357.21
  • January 2021: $33,053.68
  • January 2022: $41,155.72
  • January 2023: $20,250.72
  • January 2024: $42,919.61

Crypto is a volatile market, but it’s obvious there was an unexplainable dip in interest in digital assets in 2023. And look at that more than $20,000 jump between 2020 and 2021 and the growth carried through 2022. There are a multitude of reasons why the crypto landscape changed last year, and while the experts are still trying to figure that out, the market is showing its resilience right now.

Check out my video for more on Bitcoin’s recent movements and how Ethereum is holding up.

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About The Author
Michelai Graham
Michelai Graham
Michelai Graham is Boardroom's resident tech and crypto reporter. Before joining 35V, she was a freelance reporter with bylines in AfroTech, HubSpot, The Plug, and Lifewire, to name a few. At Boardroom, Michelai covers Web3, NFTs, crypto, tech, and gaming. Off the clock, you can find her producing her crime podcast, The Point of No Return.