Babbitt Composite Index: U.S. stocks continue to plummet, Bitcoin has fallen somewhat, altcoins have fallen sharply

As of 10:00 on March 12, the Babbitt Composite Index (8BTCCI) was reported at 11374.07 points, which was up to -3.23% in 24 hours, which was higher than the Nasdaq Composite Index (7952.05 points, -4.70%). Since then, the global token market has performed better than the securities market. The Bitcoin Strength Index (BTCX) was reported at 92.41 points, with a 24-hour rise or fall of + 4.00%. The relative performance of altcoins in the entire market has weakened significantly.

According to QKL123 data, the 8BTCCI index component has 0 rises and 30 declines. The first three tokens in the 24-hour rise and fall are CRO, BTC, DOGE and LINK, ALGO, and XTZ, with corresponding rises and falls of -1.36% and -1.71 %, -2.70% and -12.65%, -11.08%, -10.88%.

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.