The Bitcoin Strong Weak Index (BTCX) was produced by the Baxter Think Tank. The base point was set at 100 points and was officially released on September 26, 2019. Babbitt think tank is a professional organization of blockchain industry trend research, case and data analysis under Babel, and is committed to building a smart open platform in the blockchain field.
What is the relative performance of Bitcoin in the entire Token market? As we all know, the US dollar index (DXY) is an indicator that comprehensively reflects the exchange rate of the US dollar in the international foreign exchange market. So, is there a comprehensive indicator reflecting the conversion of Bitcoin in the entire Token market?
The Bitcoin Strength Index is equivalent to the “Dollar Index” of the blockchain Token trading market, reflecting the competitive strength of Bitcoin in the Token market. The BTCX Index consists of the relative price of Bitcoin in a global market with a large market capitalization and good Token.
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