Babbitt Composite Index: Bitcoin shocks converges, market changes soon

As of 10:00 on April 01, the Babbitt Composite Index (8BTCCI) was reported at 8972.21 points, with a 24-hour rise or fall of -2.22%, which was higher than the Nasdaq Composite Index (7700.10 points, -0.95%), since the release date 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 97.60 points, with a 24-hour rise or fall of -1.53%, and the relative performance of Bitcoin in the entire market has weakened.

According to QKL123 data, among the 8BTCCI index components, the number of rises is 3 and the number of declines is 23. The first three tokens in the 24-hour rise and fall are LINK, NEO, XMR and ETC, XEM, and DASH, respectively. %, + 0.05% and + -4.20%, -3.65%, -3.39%.

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.