Babbitt Composite Index: Bitcoin overbought down, altcoins weakly adjusted

As of 10:00 on April 08, the Babbitt Composite Index (8BTCCI) reported 10423.03 points, with a 24-hour increase or decrease of -3.56%, which was higher than the Nasdaq Composite Index (7887.26 points, -0.33%) since the release date Since the global securities market performance is not as good as the Token market performance. The Bitcoin Strength Index (BTCX) reported at 93.32 points, with a 24-hour increase or decrease of + 1.12%. The relative performance of altcoins in the entire market has weakened.

According to QKL123 data, the 8BTCCI index component has an increase of 2 and a decrease of 25. The top three Tokens in 24 hours are LINK, OKB, XTZ and OMG, XLM, XMR. %, -0.17% and -11.11%, -6.50%, -6.30%.

The 8BTCCI index consists of large-scale and liquid Tokens in the global market. The points refer to the Nasdaq Composite Index and reflect the performance of the entire Token market. The BTCX index reflects the indicators of bitcoin's exchange in the entire market, similar to the dollar index, reflecting the strength of bitcoin's competition in the market. The 8BTCCI index and BTCX index are produced by Babbitt Think Tank.