The Thomson Reuters media company is expanding the list of cryptocurrencies index, helping to determine the mood of the market. This is reported by CoinDesk.
The product MarketPsych Indices was launched in March this year. It includes tools for investment analysis of various indicators, from companies to government loan bonds, and draws information from more than 2,000 news sources and 800 social networks.
Among other things, at the first stage bitcoin was included in it. From now on, the tool will allow analyzing 100 assets represented in the cryptocurrency market using a number of metrics such as"excitement" or "hope", using artificial intelligence and machine learning.
Adding a cryptocurrency-focused sentiment feed to our suite of cross-asset solutions has...enabled us to provide our customers with invaluable insights that may help them make strategic investment decisions.
Global head of investing and advisory, Thomas Reuters
MarketPsych Indices uses quantitative analysis and a set of additional tools developed in accordance with the principles of the behavioral economy, which allows "to identify the dominant motives and to develop a strategy of actions more quickly."