Coinmonks
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Coinmonks

BTC: Network Looks Healthy According To NVT

A network value indicator (NVT) that helps us assess the current dynamics of Bitcoin in terms of transactions.

The NVT on-chain indicator has been in a steady uptrend since the BTC rate peaked in 2017. From March 2018 to April 2021 (when the market renewed its all-time high), the indicator consolidated in the range between 17 and 31.

Before the top of 2017, its value fluctuated between 4 and 15. Thus, the steady growth of the indicator against the background…

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