Babbitt Composite Index: The broader market fluctuated upward, bitcoin approaching $ 9,000

As of 10:00 on March 3rd, the Babbitt Composite Index (8BTCCI) was reported at 13335.19 points, with a 24-hour rise or fall of + 4.15%, which was higher than the Nasdaq Composite Index (8952.16 points, + 4.49%), 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 85.78 points, with a 24-hour rise or fall of -1.25%. The relative performance of altcoins in the entire market has become stronger.

According to QKL123 data, the 8BTCCI index component has a rise of 30 and a fall of 0. The first three tokens of the 24-hour rise and fall are ALGO, LINK, ATOM and XLM, BTM, DOGE, and the corresponding rises and falls are + 15.96% and +7.80. %, + 7.05% and + 1.24%, + 1.49%, + 1.52%.

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.