Beyond Bitcoin: Thomson Reuters Data Now Tracking Top 100 Cryptos

Mass media and data giant Thomson Reuters is expanding its cryptocurrency sentiment data toolkit to cover 100 different coins, the company announced Wednesday.

Initially launched back in March, the bitcoin data feed was created in partnership with MarketPsych Data LLC. The Thomson Reuters MarketPsych Indices Cryptocurrency Sentiment (TRMI 3.1) package monitors more than 2,000 global news and 800 social media sites in real-time.

It gauges sentiments such as “excitement” or “hope” to provide insight on investment and reveal market patterns using natural language processing combined with machine learning.

“Adding a cryptocurrency-focused sentiment feed to our suite of cross-asset solutions has…enabled us to provide our customers with invaluable insights that may help them make strategic investment decisions,” said Pradeep Menon, Thomson Reuters’ global head of investing and advisory.

It gauges sentiments such as “excitement” or “hope” to provide insight on investment and reveal market patterns using natural language processing combined with machine learning.