Bitcoin’s all-time high was on March 14, 2024, trading at $73,750.07 per bitcoin. The lowest intraday price that the crypto traded in the past year was $25,781.12 on Sep. 13, 2023. The original crypto is up by 119% year over year.

Bitcoin is 29% overvalued. That’s according to the valuation model that provides one of the most compelling and useful perspectives on bitcoin’s price. Based on something called Metcalfe’s Law, the model calculates bitcoin’s fair value at any given time to be a function of the number of bitcoins that have been mined up to that point.