Babbitt Composite Index: Bitcoin adjusts sideways, altcoins fall

As of 10:00 on March 26, the Babbitt Composite Index (8BTCCI) was reported at 9384.19 points, with a 24-hour rise or fall of -0.04%, which was higher than the Nasdaq Composite Index (7384.30 points, -0.45%). Since the performance of the global securities market is not as good as the performance of the Token market. The Bitcoin Strength Index (BTCX) was reported at 101.88 points, with a 24-hour rise or fall of + 1.61%. The relative performance of altcoins in the entire market has weakened.

According to QKL123 data, among the components of the 8BTCCI index, the number of gains is 6 and the number of declines is 20. The first three tokens in the 24-hour rise and fall are XLM, XMR, XTZ and OKB, XEM, ETH. %, + 0.72% and -2.02%, -1.99%, -1.96%.

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.