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 2020 at 146.3 (January 1, 2020) and closed at 114.9 (December 31, 2020), down 21.5%. The high was 146.3 on January 1, 2020 and the low 106.0 on June 5, 2020.
| Month | Month end |
|---|---|
| January 2020 | 139.0 |
| February 2020 | 129.1 |
| March 2020 | 113.6 |
| April 2020 | 108.6 |
| May 2020 | 108.7 |
| June 2020 | 120.0 |
| July 2020 | 125.6 |
| August 2020 | 134.4 |
| September 2020 | 131.3 |
| October 2020 | 131.2 |
| November 2020 | 123.6 |
| December 2020 | 114.9 |
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 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2020: 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