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Bitcoin approached $ 10,000 on Monday, but then made a lower inversion. Thomson Reuters launches a new tracker of feelings to assess how investors feel about the digital currency.
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The new version of its MarketPsych Indices, which it manages together with the behavioral economics research firm MarketPsych Data, will register more than 400 websites to evaluate opinions and themes. He will use metrics including "greed" and "fear".
Bitcoin rose to $ 9.885.22 on Monday morning, but then reversed its 6.8% revenue to $ 8.882.40, according to CoinDesk. Ethereum was 5.25% off, Bitcoin Cash 10.3% and Ripple, also known as XRP, 5.1%.
Among the stocks linked to Bitcoin and Blockchain, Riot Blockchain (RIOT) retired by 2.9% on the stock exchange today, Long blockchain (LBCC) fell by 1.5%, Overstock.com (OSTK) 5.3% e Bitcoin Investment Trust (GBTC) rose by 1.1%.
Marathon Patent Group (MARA) rose 59% to 2.43, rebounding after touching the minimum since the end of November, when the company rose higher in some scrambled moves. On Monday, Marathon Patent said he started the Bitcoin mining in Quebec.
Meanwhile, Thomson Reuters will try to unveil some of the mysterious price increases and drops in Bitcoin with its new MarketPsych index. It will certainly be welcomed by investors who rose in the rankings as speculative asset classes when their price peaked just below $ 20,000 in December, only to see it lose more than half its value.
At the moment many people exchange trading ideas and discuss the latest developments in the forums, while the specialized news sites report on Bitcoin and the wider sector of cryptocurrency. Online activities, such as Google searches for "bitcoins", have been linked to price movements.
IBD & # 39; S TAKE: The rise of Bitcoin has done much more than making rich reckless investors overnight. He also put the blockchain – the software technology that allows Bitcoin and other cryptocurrencies – on a trajectory in its own right.
"News and social media are driving the investment and risk management process more than ever with the continued growth of passive and quantized trading," said Austin Burkett, global head of Quant and Feed at Thomson Reuters, in a press release.
Meanwhile, British comedian John Oliver cautioned his audience on cryptocurrency investments in his HBO show "Last Week Tonight" aired on Sunday.
After comparing them with a $ 15,000 Beanie Baby, a popular fashion game of the 90s, he added: "The point is that if you choose to invest in the cryptocurrency space, just know that you're not investing, you're gambling. "
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