Review of Bitcoin Price for August 2022

Last updated on October 3rd, 2022 at 08:39 pm

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Cryptocurrency enthusiasts who sought the prediction of Bitcoin in August 2022 may have been disappointed after starting the eighth month at $23,336.72 and closing at $20,049.76.

But August isn’t the only disappointing month for BTC. Prices of other coins have not been impressive, anyways because Bitcoin has always set the pace in the crypto sector. A fall in the price of the BTC spells doom for other coins.

For instance, there was a never-before boom in the cryptocurrency market in November 2021 when Bitcoin reached its All-Time High of $68,990.90.

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When the bubble busted, Ethereum (ETH), Cardano, Solana, and other coins crumbled leading to nearly trillions of dollars being wiped off of the crypto market.

A Peep into BTC Price in August 2022

The highest the BTC reached in August was $24,860.05 (August 13), but slide a bit to close the day at $24,424.07, even at that, it managed to round off the day at $467,007,252,129 of market capitalization.

It traded between $20K to $24K and above. It however experienced the lowest on August 29, trading at $19,600.79, but closed the day at $20,297.99.

According to the available data on CoinMarketCap, the July price was better than in August. It closed at $445,941,074,223 marketcap in July compared to August’s $383,710,102,295.

According to data on coinmarketcap, a crypto-tracking website, below is the price of bitcoin in August 2022:

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DayOpening PriceClosing Price
31$19,799.58$20,049.76
30$20,298.61$19,796.81
29$19,615.15$20,297.99
28$20,041.03$19,616.81
27$20,262.48$20,041.74
26$21,596.09$20,260.02
25$21,395.46$21,600.91
24$21,526.46$21,395.02
23$21,401.05$21,528.09
22$21,531.46$21,398.91
21$21,160.39$21,534.12
20$20,872.84$21,166.06
19$23,213.31$20,877.55
18$23,341.04$23,212.74
17$23,881.32$23,336.00
16$24,126.14$23,883.29
15$24,318.32$24,136.97
14$24,429.06$24,319.33
13$24,402.19$24,424.07
12$23,957.20$24,402.82
11$23,948.35$23,957.53
10$23,162.90$23,947.64
9$23,811.48$23,164.32
8$23,179.53$23,809.49
7$22,963.51$23,175.89
6$23,291.42$22,961.28
5$22,626.83$23,289.31
4$22,848.21$22,630.96
3$22,981.30$22,846.51
2$23,308.43$22,978.12
1$23,336.72$23,314.20
Source: coinmarketcap.com

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