Bitcoin Tumbles Below $9,000 But This Cryptocurrency Stock Vaulted 59%

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Bitcoin Tumbles Below $9,000 But This Cryptocurrency Stock Vaulted 59%

MICHAEL LARKIN

 

Bitcoin approached the $10,000 mark Monday, but then reversed lower. Thomson Reuters launches a new sentiment tracker to gauge how investors feel about the digital currency.

 

The new version of its MarketPsych Indices, which it runs in conjunction with behavioral economics research firm MarketPsych Data, will track more than 400 websites to assess sentiment and themes. It will use metrics including "greed" and "fear."

 

Bitcoin rose as high as $9,885.22 Monday morning, but then reversed to trade down 6.8% at $8,882.40, according to CoinDesk.  Ethereum was off 5.25%, Bitcoin Cash 10.3% and Ripple, also known as XRP, 5.1%.

 

Full story: https://www.investors.com/news/bitcoin-backs-off-10000-as-thomson-reuters-launches-cryptocurrency-sentiment-tracker/

 

-- INVESTOR'S BUSINESS DAILY 2018-03-13