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 2018 at 65.6 (January 1, 2018) and closed at 121.0 (December 31, 2018), up 84.6%. The high was 166.6 on October 9, 2018 and the low 64.7 on January 12, 2018.
| Month | Month end |
|---|---|
| January 2018 | 67.9 |
| February 2018 | 76.6 |
| March 2018 | 95.2 |
| April 2018 | 122.2 |
| May 2018 | 136.2 |
| June 2018 | 142.7 |
| July 2018 | 151.8 |
| August 2018 | 162.0 |
| September 2018 | 164.9 |
| October 2018 | 163.8 |
| November 2018 | 143.9 |
| December 2018 | 121.0 |
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 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2018: 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