The index of Thomson Reuters will show the trends of the bitcoin market

The index of Thomson Reuters will show the trends of the bitcoin market

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Thomson Reuters is launching a new indicator, which will help investors determine what moods prevail in the bitcoin market at a particular moment.

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.

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.

“Our customers can use this data to find starting points that can provide positive investment expectations. They can use them to balance risks in their portfolios,” the company spokesman said.

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, due to the movement of the course users of the service can monitor.

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