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 2024 at 173.9 (January 1, 2024) and closed at 149.9 (December 31, 2024), down 13.8%. The high was 200.6 on October 28, 2024 and the low 120.1 on March 29, 2024.
| Month | Month end |
|---|---|
| January 2024 | 149.1 |
| February 2024 | 137.2 |
| March 2024 | 121.5 |
| April 2024 | 134.7 |
| May 2024 | 152.5 |
| June 2024 | 191.6 |
| July 2024 | 192.3 |
| August 2024 | 186.3 |
| September 2024 | 190.2 |
| October 2024 | 196.4 |
| November 2024 | 158.4 |
| December 2024 | 149.9 |
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 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2024: 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 · Miner prices per terahash · Bitmain releases and the bitcoin price