Data show that the sharp fluctuation of BTC will continue to have a greater impact on mainstream currencies

At 8 o'clock on March 26, Beijing time, the ChaiNext 100 index reflecting the overall trend of the cryptocurrency market was reported at 597.44 points, up 0.95% over the past 24 hours, with a turnover of US $ 78.969 billion, and the transaction decreased by 7.30% from the previous 24 hours. 23 of them rose, 77 fell; the ChaiNext 5 index, which reflects the performance of blue-chip cryptocurrencies at the broader market, was reported at 523.333 points, up 1.16% over the past 24 hours, with a turnover of US $ 65.757 billion, a 7.23% decrease from the previous 24 hours; the Bitcoin Bubble Index ( BBI index) was reported at 74.96 points, up 1.21% over the past 24 hours; the USDT OTC Index (USDT OTC Index) was reported at 101.00 points, down 1.10% over the past 24 hours.

After half a month of baptism, BTC not only stood on the 5th and 10th moving averages, but also returned to the upper line of the daily Bollinger Band. The last stand was one and a half months ago. After the failure of the offensive mid-rail on March 8, a number of serial waterfalls appeared directly, falling from $ 9,000 to $ 3,800 within 6 days. Since there is less information available on the fundamentals of the currency circle, technical indicators are relatively important. If the future price drops below the mid-rail and uptrend channel at $ 6300, the market will usher in blood. In the past month, BTC has shown a positive correlation with the top ten mainstream currencies of about +0.9, so the sharp fluctuation of BTC will continue to have a greater impact on mainstream currencies.