Babbitt Composite Index: Nasdaq plummets, Bitcoin stabilizes and rebounds, altcoins are relatively strong

As of 10:00 on February 28, the Babbitt Composite Index (8BTCCI) was reported at 13364.96 points, with a 24-hour rise or fall of + 4.11%, which was higher than the Nasdaq Composite Index (8566.48 points, -4.61%), since the release date Since then, the global token market has performed better than the securities market. The Bitcoin Strength Index (BTCX) was reported at 84.81 points, with a 24-hour rise or fall of -2.83%. The relative performance of altcoins in the entire market has become stronger.

According to QKL123 data, among the 8BTCCI index components, the number of gains is 30 and the number of declines is 0. The first three tokens in the 24-hour rise and fall are XEM, LINK, DASH and BCH, OKB, DOGE, and the corresponding increases and decreases are + 18.71% and +13.65 %, + 12.73%, and + 1.09%, + 1.39%, + 2.46%.

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.