Thomson Reuters is launching a new bitcoin data feed, which will help investors determine what moods prevail in the bitcoin market at a particular moment. This is reported by Coindesk.
The indicator is included in the latest release of MarketPsych Indices, a toolkit for investment analysis of various indicators, from companies to government loan bonds.
The mood of the bitcoin market will be determined by artificial intelligence, analyzing over 400 data sources, including news articles and messages on social networks.
Our customers can use it to generate alpha. They can drive positive investment returns. They can use it to better balance the risk in their portfolios.
Global head of Thomson Reuters
Using metrics such as greed or fear, investors will be able to determine the best time to hedge or place orders to buy or sell bitcoin, when indicators they trust more will indicate such an opportunity.
At the end of last year, the support of Bitcoin Cash, which became the third digital asset, was integrated into the Thomson Reuters Eikon platform, for the movement of the course which users of the service can follow.