Cryptocurrency: How Journalism Is Fuelling the Fire on the Cryptomarkets

What can news tell us about the Crypto phenomenon?

  • News Sentiment Widgets & Market Alerts
  • Bespoke Research Portals
  • Dow Jones / WSJ Market Data Feeds

The surge in popularity of cryptocurrencies has led to widespread market intrigue and media interest.

Cryptocoins News Sentiment AI Visualisation & Market Alerts for Crypto/FOREX brokerage, Crypto Exchange, ICO.

News Volume

Compare current news volume against its long term average

How Can AI driven News Sentiment Help Us Understand This Phenomenon?

Using AI driven technology, we can analyse the news for sentiment data such as positivity and negativity. The detected sentiment drives market behaviour and allows traders to anticipate market movements on a large scale.

Uncover granular opinions from a global voice

Process fragmented text through Natural Language Processing

Show opinions as visualisations and actionable tools

Combat tackling infobesity and make trends indentifiable

How does News Volume Help us Trade on Cryptocurrencies?

News volume across the world wide web acts as an accurate proxy indicator of market volatility. Higher the news volume entails higher activity within the markets, which consequently offers more trading opportunities.

Compared to other markets, the Cryptocurrency market has experienced an unprecedented growth in news volume, suggesting it is one of the most volatile markets to trade on.

How is Authoritative Journalism Affecting the Cryptocurrency Market?

Credible news organisations have become the distiller of truth and market leading headlines

Bitcoin Well Above Its ‘Intrinsic Value’ — Market Talk

Market Talk: Bitcoin has surged beyond its so-called intrinsic value, says JPMorgan strategist Nikolaos Panigirtzoglou while calling it a potential warning sign following 2Q’s doubling to $8,000 that is reminiscent of its boom-and-bust cycle of the past 2 years.

Crypto Venue Loses $40 Million to Hack

Binance, one of the world’s largest cryptocurrency exchanges, have released that hackers have stolen more than $40 million worth of bitcoin from its platform in what it called a “large scale security breach.”

MW Bitcoin tumbles

MW Bitcoin tumbles after New York accuses Bitnex of using Tether reserves to cover up missing $850 million, a day after New York’s attorney general’s office said it had obtained a court order against iFinex Inc. The filings ‘were written in bad faith and are riddles with false assertions’ Bitnex claims.

Underpinning the move of Cryptocurrencies into the main stage of the trading world, respectable media providers such as the Dow Jones Newswires and the Wall Street Journal now offer a dedicated feed of news, analysis and commentary on the market.

These credible news organisations have helped to dispel the skepticism around Cryptocurrencies; often acting as the arbiters of truth in a rumour-fuelled market.

How Does News Sentiment Affect Price Data?

Using AI technology, it is possible to gain even greater value from sentiment data by analysing the correlation between news, sentiment and price data.

Sentiment Complex tool measures both long term positivity (chart) and short term positivity (linear gauge) towards each Cryptocurrency and compares that to price. We can see dramatic falls in sentiment have led to steep declines in price, as the overwhelming public opinion feeds though into price.

The Market Alerts widget presents users with notifications based on historical sentiment data on all different asset types.

How It Works?

Analysis of the news sentiment focuses on finding patterns within the market data, similar to how technical analysis uses price data. News sentiment analysis encapsulates not only the past, but also present and future mood of the market. It identifies the underlying ‘tone’ or ‘mood’ expressed in news articles towards a specific asset or term. For example, how positive or negative articles are towards Bitcoin, Etherium, etc. Sentiment is extracted automatically from the news and aggregated on a global scale to provide rolling sentiment scores that feed into our tools.

How Do I Get Access?

Widgets can be provided via API to your website and can also be customised to meet your company brand guidelines. Available on both mobile & desktop. widgets are provided through HTML5 along with Dow Jones news on cryptocurrencies.

Turning Global Opinion into a Price Action

When charted, it is clear to see how the dramatic falls in sentiment have led to steep declines in price; evidence that the overwhelming global opinion is a key driver of market behaviour. Here are some of the ways that AI generated data from the news can offer unique insights about the Crypto market:

Confidence

Backup your technical analysis with news sentiment data

Risk Management

Get market alerts based on news to avoid market crashes or spikes

Market Forecasts

Get trade ideas based on news before prices moves

Captivate Your Clients More Meaningfully

Optimise your marketing, sales and client retention efforts by embedding news sentiment data into your user experience. Engage users through integrating our tools throughout your user journey.

data led
banners

Innovative dynamic data driven banners increase the appeal to the end user

Trending topic landing pages

By creating unique event and asset class-specific landing pages we can help our clients draw users to their brand

bespoke research portals

News Analytics and Sentiment data portals offer a fresh counter balance to old school data feed layout. Clients can choose to add graphics and widgets.

Trade Widgets and alerts

Market Alerts is a tool that generates trade ideas based upon proprietary algorithms across all asset classes. Each alert gives a direction, a time frame and a probability.

trading platform intrgration

We have integrated three of our tools into both MT4 & MT5, the most widely used trading terminals. Furthermore, we can integrate our tools into any trading platform via API.

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