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Volatile prices of Bitcoin and other cryptocurrencies are very much influenced by informal forum conversations and news covered by the hundreds of websites. In a bid to track the inclinations of traders, which affects the prices of digital coins, Thomson Reuters announced today that it is going to track and analyze over 400 websites, including hundreds of news and social media websites dedicated to cryptocurrencies, to present the market’s mood to traders.
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Thomson Reuters already runs MarketPsych Indices in collaboration with the behavioral economics research firm MarketPsych ... (read more)