Home Cryptocurrency market overview: Top 100 digital assets to benefit from Thomson Reuters new sentimental data tool, Bitcoin bullish momentum returns
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Cryptocurrency market overview: Top 100 digital assets to benefit from Thomson Reuters new sentimental data tool, Bitcoin bullish momentum returns

  • Cryptocurrencies embrace the bull momentum, Bitcoin price trading above $6,700, Ethereum at $535 while Ripple is trading at $0.54.
  • The new venture in collaboration with MarketPsych Data LLC will be scanning over 2,000 news sites.

The market is embracing a slightly bullish trend that returned in the course of the session yesterday. The majority of cryptos are correcting higher after being relieved from the selling rally that kicked off at the beginning of last week. Bitcoin price is up a subtle 0.33% on the day, besides it is trading at $6,736. Ethereum price is among the biggest daily gainers among the top 10 cryptos up over 4% while trading at $535.

Ripple price, on the other hand, is up more than 1.5% and changing hands at $0.54. Bitcoin Cash has broken above the upper supply zone we talked about in an earlier piece at $900, similarly, it is up over 2%.   EOS is battling to shake off selling pressure while IOTA price is the biggest gainer among the top 10 cryptos with a rise of about 4.38%.

The latest from Thomson Reuters is that it is going to be introducing the tracking of the first 100 assets using its sentimental data tool. The mass media company said that the data will be contributed by MarketPsych Data LLC after striking a partnership. Bitcoin sentimental analysis started in March this year, this was done by scanning at least 400 news outlets that provide digital asset content. The new venture in collaboration with MarketPsych Data LLC will be scanning over 2,000 news sites while getting more data from 800 other social media outlets. The package is referred to as TRMI 3.1 and will incorporate the use of visualization tools along with quantitative research to help traders make informed trading decisions.

Read more on Bitcoin Cash price analysis.

Read more on Ethereum price analysis.

 

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