Firsthand Bitcoin · Data · Bitcoin miners
Data / MVRV ratio / 2019
Market value divided by realised value: how far the price sits above the network’s cost basis.
MVRV ratio opened 2019 at 0.84× (January 1, 2019) and closed at 1.29× (December 31, 2019), up 53.4%. The high was 2.57× on June 26, 2019 and the low 0.76× on February 7, 2019.
| Month | Month end |
|---|---|
| January 2019 | 0.77× |
| February 2019 | 0.87× |
| March 2019 | 0.95× |
| April 2019 | 1.20× |
| May 2019 | 1.81× |
| June 2019 | 2.13× |
| July 2019 | 1.85× |
| August 2019 | 1.71× |
| September 2019 | 1.46× |
| October 2019 | 1.61× |
| November 2019 | 1.34× |
| December 2019 | 1.29× |
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 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2019: Bitcoin price · Distance from the all-time high · 200-day and 200-week averages · 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