Babbitt Composite Index: Market rebounded slightly, altcoins relatively strong

As of 10:00 on February 18, the Babbitt Composite Index (8BTCCI) was reported at 15,267.16 points, with a 24-hour rise or fall of + 0.94%, which was higher than the Nasdaq Composite Index (9731.18 points, + 0.20%). Since then, the global token market has performed better than the securities market. The Bitcoin Strength Index (BTCX) was reported at 77.87 points, with a 24-hour rise or fall of -4.56%, and the relative performance of altcoins in the entire market has become significantly stronger.

According to QKL123 data, among the 8BTCCI index components, the number of rises is 20 and the number of declines is 10. The first three tokens in the 24-hour rise and fall are BSV, ZEC, BAT and CRO, XEM, XMR, and the corresponding rises and falls are + 1.269% and +9.12 %, + 6.80% and -7.39%, -6.77%, -4.52%.

The 8BTCCI index consists of large-scale and liquid tokens in the global market. The point reference is the Nasdaq Composite Index, which reflects the performance of the entire token market. The BTCX index reflects the exchange rate of Bitcoin in the entire market, similar to the US dollar index, and reflects the strength of Bitcoin's competition in the market. 8BTCCI index and BTCX index are produced by Babbitt think tank.