Bitcoin Price in August 2016
In August 2016, bitcoin fell 7.9%, from $624.68 at the end of July to $575.47 per bitcoin on August 31, 2016. The highest close was $606.27 on August 1, 2016, the lowest $547.47 on August 2, 2016, and the average over 31 days was $579.59. Today's price is 13,326.2% higher than the August 2016 close.
Bitcoin ended August lower. What usually happens in September after a lower August →
- Bitcoin fell 7.9% in US dollars in August 2016, leaving it up 33.7% for the year to date.
- Measured in other currencies, the change ranged from −9.0% in NGN to −2.7% in ZAR, because exchange rates moved too.
- It did better than silver (−8.3%), and worse than gold (−3.1%) and US stocks (+0.1%).
- It closed higher on 14 days and lower on 17, with an average daily move of 1.22%.
- At the end of the month it was 24.9% below its highest close since 2014.
- Bitcoin in ounces of gold: 0.5 → 0.4.
Bitcoin price chart, August 2016
US dollars per bitcoin · daily closeBitcoin in other currencies, August 2016
| Currency | Change in the month |
|---|---|
| ZAR | −2.7% |
| JPY | −7.0% |
| AUD | −7.0% |
| GBP | −7.3% |
| INR | −7.4% |
| CAD | −7.5% |
| PKR | −7.5% |
| ARS | −7.7% |
| EUR | −7.8% |
| BRL | −8.5% |
| TRY | −8.8% |
| NGN | −9.0% |
Price in each currency at each day's exchange rate, previous month-end to this month-end. A weaker currency makes bitcoin rise more in local terms.
Bitcoin vs other assets, August 2016
| Asset | Change (USD) |
|---|---|
| Bitcoin | −7.9% |
| Gold | −3.1% |
| Silver | −8.3% |
| S&P 500 (with dividends) | +0.1% |
| US inflation (CPI, month) | +0.09% |
| Bitcoin, year to date (end of August) | +33.7% |
| Bitcoin in ounces of gold | 0.5 → 0.4 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Bitcoin Prices, August 2016
Closing price for every day, with the same price in INR and EUR at that day's exchange rate.
| Date | Close (USD per BTC) | Change | India, ₹ per BTC | Euro, € per BTC |
|---|---|---|---|---|
| Aug 1Mon | $606.27 | −2.95% | ₹40,469 | €542.86 |
| Aug 2Tue | $547.47 | −9.70% | ₹36,503 | €487.96 |
| Aug 3Wed | $566.36 | +3.45% | ₹37,810 | €507.85 |
| Aug 4Thu | $578.29 | +2.11% | ₹38,653 | €519.36 |
| Aug 5Fri | $575.04 | −0.56% | ₹38,436 | €516.45 |
| Aug 6Sat | $587.78 | +2.21% | ₹39,288 | €527.88 |
| Aug 7Sun | $592.69 | +0.84% | ₹39,612 | €534.49 |
| Aug 8Mon | $591.05 | −0.28% | ₹39,479 | €533.25 |
| Aug 9Tue | $587.80 | −0.55% | ₹39,255 | €528.79 |
| Aug 10Wed | $592.10 | +0.73% | ₹39,528 | €529.28 |
| Aug 11Thu | $589.12 | −0.50% | ₹39,318 | €528.85 |
| Aug 12Fri | $587.56 | −0.26% | ₹39,214 | €527.45 |
| Aug 13Sat | $585.59 | −0.34% | ₹39,082 | €525.68 |
| Aug 14Sun | $570.47 | −2.58% | ₹38,164 | €510.86 |
| Aug 15Mon | $567.24 | −0.57% | ₹37,928 | €507.17 |
| Aug 16Tue | $577.44 | +1.80% | ₹38,606 | €512.07 |
| Aug 17Wed | $573.22 | −0.73% | ₹38,351 | €507.30 |
| Aug 18Thu | $574.32 | +0.19% | ₹38,376 | €506.03 |
| Aug 19Fri | $575.63 | +0.23% | ₹38,464 | €507.19 |
| Aug 20Sat | $581.70 | +1.05% | ₹38,869 | €512.53 |
| Aug 21Sun | $581.31 | −0.07% | ₹39,022 | €514.52 |
| Aug 22Mon | $586.75 | +0.94% | ₹39,422 | €518.34 |
| Aug 23Tue | $583.42 | −0.57% | ₹39,165 | €516.26 |
| Aug 24Wed | $580.18 | −0.55% | ₹38,965 | €515.09 |
| Aug 25Thu | $577.76 | −0.42% | ₹38,713 | €511.72 |
| Aug 26Fri | $579.65 | +0.33% | ₹38,840 | €513.40 |
| Aug 27Sat | $569.95 | −1.67% | ₹38,190 | €504.80 |
| Aug 28Sun | $573.91 | +0.70% | ₹38,526 | €512.45 |
| Aug 29Mon | $574.11 | +0.03% | ₹38,517 | €512.91 |
| Aug 30Tue | $577.50 | +0.59% | ₹38,766 | €517.79 |
| Aug 31Wed | $575.47 | −0.35% | ₹38,542 | €515.62 |
How August usually goes for bitcoin
In the 11 years from 2015 to 2025, bitcoin rose in August 3 times out of 11, with an average move of −0.2% and a median of −7.9%. Every August since 2014 →
Bitcoin in August 2016: FAQ
What was the price of bitcoin in August 2016?
Bitcoin traded between $547.47 and $606.27 per bitcoin (daily closes) in August 2016, averaging $579.59. It closed the month at $575.47.
How much did bitcoin go down in August 2016?
Bitcoin fell 7.9%, from $624.68 to $575.47. The biggest daily rise was +3.5% on August 3, 2016 and the biggest fall −9.7% on August 2, 2016.
What was the bitcoin price on August 1, 2016?
Bitcoin closed at $606.27 per bitcoin on August 1, 2016, the first day of the month. India, ₹ per BTC: ₹40,469.
Is August usually a good month for bitcoin?
In the 11 years from 2015 to 2025, bitcoin rose in August 3 times out of 11, with an average move of −0.2% and a median of −7.9%. Past seasonal patterns are not a reliable guide to any single year.
How much did bitcoin change in rupees in August 2016?
Bitcoin fell 7.4% in Indian rupee terms in August 2016, compared with −7.9% in US dollars.
Did bitcoin beat stocks in August 2016?
No. Bitcoin was −7.9% for the month, against +0.1% for the S&P 500 with dividends.
Did bitcoin keep up with inflation in August 2016?
US consumer prices (CPI) changed +0.09% in August, so bitcoin's real (inflation-adjusted) change was about −8.0%.
Cite this page
For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026bitcoinpriceinaugust, author = {{Corgano}}, title = {Bitcoin Price in August 2016}, howpublished = {\url{https://bitcoinprice.corgano.com/bitcoin-price-history/2016/august}}, year = {2026}, note = {Corgano Bitcoin Price, accessed 2026-10-31}}