Firsthand Bitcoin · Data · Bitcoin miners
Network value to transactions: market capitalisation against the value settled on chain, on 90-day averages.
NVT ratio (90-day) opened 2014 at 50.0 (January 1, 2014) and closed at 72.5 (December 31, 2014), up 45.1%. The high was 127.5 on September 11, 2014 and the low 50.0 on January 1, 2014.
| Month | Month end |
|---|---|
| January 2014 | 61.5 |
| February 2014 | 78.6 |
| March 2014 | 79.6 |
| April 2014 | 75.6 |
| May 2014 | 76.5 |
| June 2014 | 104.4 |
| July 2014 | 119.8 |
| August 2014 | 117.5 |
| September 2014 | 122.2 |
| October 2014 | 99.2 |
| November 2014 | 85.5 |
| December 2014 | 72.5 |
Bitcoin’s price-to-earnings ratio: market capitalisation divided by the dollar value the chain settles. A high reading means the network is valued richly against its use; a low one means it is cheap. Both series are averaged over 90 days, which is how the signal is usually read.
Other years: 2026 · 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016 · 2015 · 2013
Also in 2014: 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