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 2017 at 60.7 (January 1, 2017) and closed at 65.4 (December 31, 2017), up 7.8%. The high was 73.8 on November 6, 2017 and the low 50.1 on June 7, 2017.
| Month | Month end |
|---|---|
| January 2017 | 58.3 |
| February 2017 | 61.7 |
| March 2017 | 60.1 |
| April 2017 | 61.7 |
| May 2017 | 50.7 |
| June 2017 | 53.8 |
| July 2017 | 54.7 |
| August 2017 | 61.2 |
| September 2017 | 65.8 |
| October 2017 | 72.3 |
| November 2017 | 66.2 |
| December 2017 | 65.4 |
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 · 2016 · 2015 · 2014 · 2013
Also in 2017: 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