The financial information company is tracking and analyzing bitcoin chatter on 400 of website and social media sources to extract market-moving sentiment and themes.
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Thomson Reuters launches bitcoin sentiment gauge
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“News and social media are driving the investment and risk management process more than ever with the continuing rise of passive and quant-driven trading,” said Austin Burkett, Global Head of Quant and Feeds, Thomson Reuters. Bitcoin’s price gained more than 1,300 percent last year as investors piled in, and since peaking at close to $20,000 in December has lost more than half its value. It was trading at around $9,600 on the Luxembourg-Bitstamp exchange on Monday.
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