Firsthand Bitcoin · Data · Bitcoin miners
Data / MVRV ratio / 2013
Market value divided by realised value: how far the price sits above the network’s cost basis.
MVRV ratio opened 2013 at 1.78× (January 1, 2013) and closed at 2.71× (December 31, 2013), up 52.9%. The high was 5.88× on November 18, 2013 and the low 1.35× on July 6, 2013.
| Month | Month end |
|---|---|
| January 2013 | 2.38× |
| February 2013 | 2.93× |
| March 2013 | 4.27× |
| April 2013 | 3.00× |
| May 2013 | 2.59× |
| June 2013 | 1.78× |
| July 2013 | 1.96× |
| August 2013 | 2.40× |
| September 2013 | 2.19× |
| October 2013 | 2.87× |
| November 2013 | 5.06× |
| December 2013 | 2.71× |
Market capitalisation divided by realised capitalisation. At 1 the average coin is worth what it last moved at; below 1 the network as a whole holds at a loss, which has marked every cycle bottom; above 3.5 the average holder sits on more than 250% and cycle tops have followed.
Other years: 2026 · 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014
Also in 2013: Bitcoin price · Distance from the all-time high · Network hashrate · Mining difficulty · Difficulty adjustments · Fees paid to miners · Transactions per day · Hashprice · Miner revenue · Bitmain releases and the bitcoin price · Break-even electricity price · What a bitcoin costs us to mine, against the market