03-18-2020, 10:46 PM
A key metric suggests bitcoin (BTC) is now trading at a relatively discounted price, having dropped by 60 percent in the last three weeks.
Bitcoin’s market value to realized value (MVRV) Z-score fell below zero on Friday and stood at -0.18 as of Monday, according to crypto analytics firm Glassnode. The metric is used to to identify periods where the cryptocurrency is under- or overvalued

The Z-score has turned negative for the first time in 12 months, suggesting the cryptocurrency is now undervalued.Bitcoin topped out at $10,500 in mid-February and fell to a 12-month low of $3,867 on March 13, according to CoinDesk's Bitcoin Price Index.The cryptocurrency suffered a staggering 39 percent drop Thursday as the coronavirus-led sell-off in the global stock markets triggered margin calls and forced investors to liquidate their positions in bitcoin and other markets including gold and U.S. Treasurys. The Z-score has turned negative for the first time in 12 months, suggesting the cryptocurrency is now undervalued.
Bitcoin topped out at $10,500 in mid-February and fell to a 12-month low of $3,867 on March 13, according to CoinDesk's Bitcoin Price Index.
The cryptocurrency suffered a staggering 39 percent drop Thursday as the coronavirus-led sell-off in the global stock markets triggered margin calls and forced investors to liquidate their positions in bitcoin and other markets including gold and U.S. Treasurys.
Bitcoin’s market value to realized value (MVRV) Z-score fell below zero on Friday and stood at -0.18 as of Monday, according to crypto analytics firm Glassnode. The metric is used to to identify periods where the cryptocurrency is under- or overvalued

The Z-score has turned negative for the first time in 12 months, suggesting the cryptocurrency is now undervalued.Bitcoin topped out at $10,500 in mid-February and fell to a 12-month low of $3,867 on March 13, according to CoinDesk's Bitcoin Price Index.The cryptocurrency suffered a staggering 39 percent drop Thursday as the coronavirus-led sell-off in the global stock markets triggered margin calls and forced investors to liquidate their positions in bitcoin and other markets including gold and U.S. Treasurys. The Z-score has turned negative for the first time in 12 months, suggesting the cryptocurrency is now undervalued.
Bitcoin topped out at $10,500 in mid-February and fell to a 12-month low of $3,867 on March 13, according to CoinDesk's Bitcoin Price Index.
The cryptocurrency suffered a staggering 39 percent drop Thursday as the coronavirus-led sell-off in the global stock markets triggered margin calls and forced investors to liquidate their positions in bitcoin and other markets including gold and U.S. Treasurys.