Social media impacts cryptocurrency prices; signals can predict price movements

With recent price leaps by Bitcoin and other digital currencies captivating the attention of investors, analysts believe the forces driving these vast market movements lie within the spheres of social media – that social media impacts cryptocurrency prices. Hedge fund managers and other financial leaders have been building computerized programming tools that can read signals from social media to predict price movements in the crypto market. With crypto assets sweeping through the market news lately, algorithms have become an increasingly lucrative enterprise, assisting traders with market predictions. A growing number of financial managers have been looking to this avenue for