Reuters to Begin Tracking Top 100 Cryptocurrencies

Thomson Reuters just recently expanded its sentiment data offerings to track the top 100 cryptocurrencies through its partnership with MarketPsych Data LLC.

The Thomson Reuters MarketPsych Indices (TRMI) uses machine learning and natural language processing to could drive market participant behavior in cryptocurrency markets.

According to Reuters, TMRI is able to study and analyze the market accurately by performing high-speed text analysis on news and social media across the Internet on a global scale. MarketPsych’s text analytics engine uses a patented natural language processing software, which delivers meaningful measures derived from the global information flow.

Go here to read the full story on TMRI’s tracking of cryptocurrencies.

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Jack Taylor is a freelance journalist who has contributed to many award winning media outlets on a wide range of topics regarding trending technologies, cryptocurrency, blockchain & digital privacy.