Babbitt Composite Index: The broader market fluctuated downward, altcoin dropped significantly

As of 10:00 on February 25, the Babbitt Composite Index (8BTCCI) was reported at 14,778.32 points, with a 24-hour rise or fall of -4.21%, which was higher than the Nasdaq Composite Index (9576.59 points, -1.79%). Since then, the global token market has performed better than the securities market. The Bitcoin Strength Index (BTCX) was reported at 80.77 points, with a 24-hour rise or fall of + 2.23%. The relative performance of altcoins in the entire market has weakened significantly.

According to QKL123 data, in the 8BTCCI index component, the number of rises is 1 and the number of declines is 29. The first three tokens in the 24-hour rise and fall are ALGO, BTC, DOGE and ATOM, XTZ, and XEM, and the corresponding rises and falls are + 3.01% and -2.87 %, -3.09% and -11.41%, -10.49%, -9.27%.

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.