Bitcoin Yardstick Prints Record 'Deep Value' in Sub-$60,000 BTC Price Dip
Published on March 24, 2026.
Bitcoin (BTC) is experiencing a significant value-for-money increase, according to market analyst Charles Edwards. The Bitcoin Yardstick, which divides market cap by hash rate over a two-year period, shows that price is in its "deep value" range despite a 40% price drawdown. Despite this, hash rate continues to circle its historical highs. The Yardstick currently measures 0.40, still within "cheap" territory relative to hash rate. This comes after Bitcoin generated its lowest Yardstick numbers on record in February, reaching 15-month lows near $59,000.
Related Articles
US stock futures slip as Middle East war de-escalation remains uncertain
US stock futures fell as investors assessed uncertain Middle East war de-escalation prospects and raised inflation concerns amid mixed economic signals.
Michael Saylor’s Strategy dominates DAT BTC buying as treasury demand collapses
Michael Saylor's Strategy now dominates corporate bitcoin purchases, despite a 99% decline from a peak, reflecting broader market concentration risk.
Things We Hate and Love Online This Week
The column is terminally online, highlighting the most depressing, yet hopeful moments of the past week, with geopolitical AI experts, Copenhagen-inspired dance videos, and unpredictable heroics.