Bitgur Index (BITEX): 24.03
-0.29 (1.18%)

The Bigur Index (BITEX) is a cryptocurrency market index made up of Bitgur First Tier cryptocurrencies. It is a modified cryptocurrency capitalization-weighted index.

Bitgur Index (BITEX) methodology

$IDX = Kidx * \sum_c{Supply_c * Price_c}$
$Supply$ - circulation supply
$Price$ - price of cryptocurrency in USD
$Kidx$ - coefficient of normalization = 1.0E-10
$c$ - bitgur first tier cryptocurrencies

Bitgur Index (BITEX) began on February 6, 2018.