Babbitt Composite Index: US stocks have second meltdown in history, and Bitcoin has rebounded slightly

As of 10:00 on March 10th, the Babbitt Composite Index (8BTCCI) was reported at 11722.44 points, and the 24-hour fluctuation was -2.37%, which was higher than the Nasdaq Composite Index (7950.68 points, -7.29%), 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 89.41 points, with a 24-hour rise or fall of -0.38%. The relative performance of Bitcoin in the entire market has weakened slightly.

According to QKL123 data, in the 8BTCCI index component, the number of gains is 2 and the number of declines is 28. The first three tokens in the 24-hour rise and fall are ETC, DOGE, BSV, LINK, ATOM, and ALGO, and the corresponding rises and falls are + 2.32%, +0.79 %, -0.44% and -6.03%, -5.53%, -5.49%.

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.