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Data / MVRV ratio / 2024
Market value divided by realised value: how far the price sits above the network’s cost basis.
MVRV ratio opened 2024 at 2.01× (January 1, 2024) and closed at 2.28× (December 31, 2024), up 13.8%. The high was 2.78× on March 11, 2024 and the low 1.71× on September 6, 2024.
| Month | Month end |
|---|---|
| January 2024 | 1.87× |
| February 2024 | 2.52× |
| March 2024 | 2.55× |
| April 2024 | 2.10× |
| May 2024 | 2.24× |
| June 2024 | 2.04× |
| July 2024 | 2.06× |
| August 2024 | 1.87× |
| September 2024 | 1.98× |
| October 2024 | 2.13× |
| November 2024 | 2.60× |
| December 2024 | 2.28× |
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 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2024: 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 · Miner prices per terahash · Bitmain releases and the bitcoin price