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 2019 at 121.3 (January 1, 2019) and closed at 145.4 (December 31, 2019), up 19.9%. The high was 150.7 on October 27, 2019 and the low 103.4 on February 11, 2019.
| Month | Month end |
|---|---|
| January 2019 | 108.1 |
| February 2019 | 112.2 |
| March 2019 | 126.8 |
| April 2019 | 122.2 |
| May 2019 | 115.7 |
| June 2019 | 108.4 |
| July 2019 | 116.1 |
| August 2019 | 129.6 |
| September 2019 | 142.7 |
| October 2019 | 149.0 |
| November 2019 | 140.1 |
| December 2019 | 145.4 |
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 · 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