So, you’re probably wondering what exactly is the Live Bitcoin News bitcoin index. The Live Bitcoin News bitcoin index is a quick and easy way to view the relative value of bitcoin versus a number of major fiat currencies. Simply put, we have designed an algorithm that compares the value of the US dollar, the Euro and the Chinese yuan to that of bitcoin, and combines this comparison to represent bitcoin’s value versus these currencies as a percentage figure. If the percentage figure is above zero, it tells us that bitcoin has gained strength versus these currencies on average during the timeframe in question. Conversely, the percentage figure is below zero, it suggests the opposite.
What is the bitcoin index?
The Live Bitcoin News index shows the relative strength of one bitcoin versus a basket of other major currencies; specifically, the US Dollar, the Euro and the Chinese Yuan.