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Bitwise Launches Three New Cryptocurrency Market Index Funds

August 15, 2018 |

Bitwise Launches Three New Cryptocurrency Market Index Funds

Why wait for an ETF? Bitwise Index Services, a subsidiary of Bitwise Asset Management, has announced the launch of three new indexes covering the mid-cap, small-cap, and total-market segments of the crypto market, as well as the renaming of its HOLD 10 Index as the 10 Large Cap Crypto Index.

Also Read: The Daily: Stoners Drop Crypto From IPO, Binance Launches Academy

Three New Cryptocurrency Market Index Funds

Bitwise Launches Three New Cryptocurrency Market Index FundsThe launch and rebranding of HOLD 10 means that company’s cryptocurrency index roaster now features four options for investors to choose from: 10 Large Cap Crypto Index (ticker: BITX); 20 Mid Cap Crypto Index (ticker: BITW20); 70 Small Cap Crypto Index (ticker: BITW70); and 100 Total Market Crypto Index (ticker: BITW100). The Bitwise Crypto Indexes are available throughout the established financial trading ecosystem, including via Bloomberg, Reuters, Factset, and other data aggregators. Additionally, the company also announced the creation of API access and complimentary benchmarking for hedge funds.

“Our indexes are built from the ground up to respond specifically to the cryptomarket,” said Matt Hougan, Global Head of Research. “The methodology draws on best practices from the modern indexing of equities, bonds, commodities, and fiat currencies, and pairs them with crypto-native factors to ensure the indexes are safe and replicable. We believe they are the best representation of the investable cryptoasset market in the world.”

Crypto Council

Bitwise also announced the launch of an index advisory board, featuring: Srikant Dash, former Global Head of Indexing for Bloomberg and Managing Director and Global Head of Research at Standard & Poor’s Indices; Spencer Bogart, Partner and Head of Research at Blockchain Capital; and Matt Hougan the Global Head of Research at Bitwise and former CEO of both ETF.com and Inside ETFs.

“One unique thing about Bitwise is the firm’s ability to blend deep, crypto-specific expertise with in-depth knowledge of institutional asset management and indexing,” said Bogart. “The Bitwise Crypto Index Advisory Board and the family of Bitwise indexes launching today are proof of that.”

Bitwise Launches Three New Cryptocurrency Market Index Funds
Performance Charts

“Well-constructed indexes and index-linked products are key to the development of efficient investment and risk management in any new asset class,” added Dash. “I am pleased to help Bitwise bring such tools to the rapidly evolving cryptocurrency market.”

Is this development good for the ecosystem? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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Index ETF Tracking 10 Cryptocurrencies Filed With SEC

July 25, 2018 |

Index ETF Tracking 10 Cryptocurrencies Filed With SEC

Bitwise Asset Management has announced its plan to launch “the first publicly-offered cryptocurrency index exchange-traded fund (ETF).” A registration statement has been filed with the U.S. Securities and Exchange Commission. The fund will track the returns of the company’s Hold 10 Index which aims to capture 80% of the total market capitalization of the cryptocurrency market.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Bitwise to Launch Crypto Index ETF

Index ETF Tracking 10 Cryptocurrencies Filed With SECBitwise Asset Management announced Tuesday that it has filed a registration statement for “the first publicly-offered cryptocurrency index exchange-traded fund (ETF).”

The San Francisco-based company already manages “the world’s first privately-offered cryptocurrency index fund, the Bitwise Hold 10 Private Index Fund,” it described. The open-ended private placement fund was launched on November 22 last year and is only open to accredited investors, the company noted:

The new ETF will be called the Bitwise Hold 10 Cryptocurrency Index Fund. It aims to track the returns of Bitwise’s Hold 10 Index, a market-cap-weighted index of the 10 largest cryptocurrencies, rebalanced monthly.

The top five components of the Hold 10 Index as of the end of June is 55% BTC, 20% ETH, 9.4% XRP, 6.4% BCH, 2.6% LTC.

Index ETF Tracking 10 Cryptocurrencies Filed With SEC“The Hold 10 Index captures approximately 80% of the total market capitalization of the cryptocurrency market,” the crypto asset manager further elaborated. The index “uses a 5-year-diluted market cap and other eligibility criteria meant to address challenges of the crypto space such as continuously changing supply, liquidity, trade volume concentration, and custody limitations.”

Founded in 2017, Bitwise is backed by institutional and individual investors, including Khosla Ventures, General Catalyst, Blockchain Capital, Naval Ravikant, Alison Davis, David Sacks, Elad Gil, Adam Nash, Adam Ludwin, Suna Said, and Avichal Garg.

Index-Tracking Basket of Multiple Cryptocurrencies

Index ETF Tracking 10 Cryptocurrencies Filed With SECIn its Tuesday announcement, the company revealed that “A registration statement relating to the shares of the Bitwise Hold 10 Cryptocurrency Index Fund ETF has been filed with the Securities and Exchange Commission (SEC) but has not yet been declared effective.”

Bitwise’s Global Head of Research Matt Hougan commented:

Our research shows that an index-tracking basket of multiple cryptocurrencies behaves differently than a single coin. As such, we think both sorts of exposure need to be looked at by investors when considering the growing cryptocurrency space. Our view is that this new area has many similarities to the introduction 10 to 15 years ago of commodity ETFs.

He noted that “at that time, we saw the launch of single-commodity ETFs tracking gold, silver, crude oil, and other commodities, as well as ETFs tracking diversified commodity index baskets. We see a lot of similarities here.”

What do you think of Bitwise’s proposed crypto index ETF? Let us know in the comments section below.


Images courtesy of Shutterstock and Bitwise.


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Jeep Grand Cherokee tops 2018 American-Made Index

July 3, 2018 |

The Jeep Wrangler has lost the title of most American-made car to…another Jeep.
FOX News

US Federal Reserve Launches Cryptocurrency Index

June 22, 2018 |

US Federal Reserve Launches Cryptocurrency Index

This week the Federal Reserve Bank of St. Louis added cryptocurrency to their Federal Reserve Economic Data (FRED) database. It’s a seemingly small gesture, but one that signals to most observers crypto’s maturation, at least in the eyes of arguably the most important central banking institution in the world.  

Also read: Troll Slayer: Derek Magill Defends Peer-to-Peer Electronic Cash Against Defamation

Federal Reserve Bank of St. Louis Adds Four Cryptos to its FRED Database

“FRED has added four series on the prices of different cryptocurrencies,” the St. Louis Federal Reserve posted without much fanfare this week, including “Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. The price data are updated daily and span from as early as 2014 to the present. All data were obtained from Coinbase, a cryptocurrency exchange company, whose overall digital asset performance is depicted in the above graph (Coinbase Index).”

The St. Louis Fed is one of 12 regional banks within the system, collectively constituting the most powerful central bank on the globe. Known to be part of the 8th District, which includes midwestern Fed banks, it is also considered an economic research powerhouse.

US Federal Reserve Launches Cryptocurrency Index

It maintains its FRED database at its famed research division. The bank uses more than half of a million data points, derived from 81 sources. Exchange rates, GDP, interest rates, consumer indexes, banking, producer price indexes, among other sectors, comprise its focus. FRED-published statistics carry massive weight in the professional financial world.

That some government agency creates yet another index isn’t particularly newsworthy. However, that both proponents and opponents frequently set cryptocurrencies such as bitcoin cash (BCH) as distinctly operating in defiance of central banks, and how the Fed appeals to crypto bank Coinbase for its metric, means decentralized currencies have come of age.

Out Ahead

Going forward, it would also appear as Coinbase adds more currencies perhaps FRED would be compelled to monitor them as well. Whatever the case, the St. Louis Fed has been consistently out ahead of most central banks and economists when it comes to crypto.US Federal Reserve Launches Cryptocurrency Index

That’s a marked contrast to its brethren. Atlanta’s Fed bank openly chastised younger investors to steer clear of crypto. The San Francisco branch pegged bitcoin core’s (BTC) price considerably lower than its near $ 6,000 present figure, insisting one BTC is probably worth around the cost of mining, slightly under $ 2,000 per coin. Even the Minneapolis Fed, in trying to be charitable, urged ignoring the currency aspect altogether and instead look toward ‘blockchain technology.’

Again, the St. Louis Fed thinks differently. Just a few months ago it caused a stir within the ecosystem by publishing a meditation on BTC, putting forth the idea it can be considered alongside the dollar. Its Governor James Bullard, however, is much more cautious. Acknowledging crypto as being a real future of money, he explained, “Cryptocurrencies may unwittingly be pushing in the wrong direction in trying to solve an important social problem, which is how best to facilitate market-based exchange.”

Is the arrival of a FRED crypto index important? Let us know in the comments. 


Images via the Pixabay, FRED.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi Pulse, another original and free service from Bitcoin.com.

The post US Federal Reserve Launches Cryptocurrency Index appeared first on Bitcoin News.

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After 100 Years, Last Original Dow Member Booted From Index

June 20, 2018 |

General Electric will be dropped from the Dow Jones industrial average next week, ending the industrial conglomerate’s more than 100-year run in the 30-company blue chip index, the AP reports. S&P Dow Jones Indices said Tuesday that GE will be removed from index before the open of trading next Tuesday….
Newser

Coinbase Cryptocurrency Index Fund Now Open For Investment

June 13, 2018 |

Coinbase Cryptocurrency Index Fund Now Open For Investment

Coinbase has opened up its index fund for accredited US investors, giving them exposure to all cryptocurrencies listed on its exchange GDAX. The company is now working on “launching more funds which are accessible to all investors and cover a broader range of digital assets.”

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Coinbase Index Fund Launched

Coinbase Cryptocurrency Index Fund Now Open For InvestmentCoinbase, one of the largest cryptocurrency companies, announced on Tuesday, June 12, that Coinbase Index Fund is now open for investment. The San Francisco-based company first unveiled this fund on March 6.

“We’ve seen overwhelming interest from investors since we announced the fund earlier this year,” Reuben Bramanathan, Product Lead of Coinbase Asset Management, wrote. He elaborated:

Coinbase Index Fund gives investors exposure to all assets listed on our exchange, weighted by market capitalization…At this stage, Coinbase Index Fund is only open to US-resident accredited investors. We’re working on launching more funds which are accessible to all investors and cover a broader range of digital assets.

The company’s website states that “Our vision is to make index investing in digital assets available to everyone.” Further, the company emphasized that they are “beginning the work required to offer index funds to all US investors,” not just accredited ones, adding that “In the future, we hope to be able to offer index investing to customers in the US and internationally.”

About the Fund

Coinbase Index Fund “is a private fund that seeks to track Coinbase Index (Fixed Supply),” which is a measure of the overall performance of the cryptocurrencies listed on Coinbase’s exchange, GDAX, the company describes.

Coinbase Cryptocurrency Index Fund Now Open For Investment
Coinbase Index composition, which will be rebalanced to add ETC.

The minimum investment amount for the fund is $ 250,000 and the maximum is $ 20 million. The fund’s annual management fee is 2%.

“The assets are weighted by market capitalization. The index level takes into account the ongoing increases in supply of each asset, not just changes in price,” the company noted, adding that the index is “reconstituted each time that a new asset is listed on GDAX,” such as the recent addition of ETC.

The current composition is 61.47% BTC, 27.17% ETH, 8.22% BCH, and 3.14% LTC. The fund will soon be rebalanced to include ETC.

Moreover, Coinbase explained that “Unlike actively managed investment funds,” the fund manager of its index fund “does not actively trade assets, or target a specific allocation for any asset.”

What do you think of Coinbase Index Fund? Let us know in the comments section below.


Images courtesy of Shutterstock and Coinbase.


Need to calculate your bitcoin holdings? Check our tools section.

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Decentralized Exchange Compendium ‘Index’ Lists Over 200 Dex Platforms

June 5, 2018 |

Decentralized Exchange Compendium 'Index' Lists Over 200 Dex Platforms

Since the creation of bitcoin and the hundreds of other cryptocurrencies in existence individuals have been trading their assets for profit or for other coins. A great majority of people use centralized exchanges, even though many of them require strict identification policies or have lost funds due to hackers infiltrating their platforms. Over the past couple of years, there has been a proliferation of decentralized exchanges (Dex) that allow digital currency trading without relying on a third party to hold a user’s funds. Unfortunately, people might not be aware that there have been over 200 Dex platforms launched over the past few years, and a Github repository called ‘Index’ allows people to get a comprehensive overview of each decentralized exchange.

Also Read: Testing Cryptocurrency Atomic Swaps With Barterdex

A List of Decentralized Exchanges of Cryptographic Assets, and Their Protocols

Decentralized Exchange Compendium 'Index' Lists Over 200 Dex Platforms

When people think about trading cryptocurrencies they often think about exchanges like Gemini, Coinbase, Bitstamp, and others. These exchanges are deemed centralized because they hold a customer’s funds and the data associated with the person’s account. A decentralized exchange, otherwise known as a ‘Dex,’ the protocol is basically a ‘trustless system’ because it doesn’t hold a user’s funds or require any data. There are a lot of popular Dex platforms that people have been hearing about more recently, and now there’s also a Github repository that gives an in-depth look at all 200+ trading platforms. The repository called ‘Index’ was created by the software developers Hanni Abu, Steven Hatzakis, Manfred Karrer and Elio Osés.

“This is a list of decentralized exchanges of cryptographic assets (cryptocurrencies, tokens, derivatives, futures) and their protocols, without a central entity,” explains the repository.   

The architecture of these and their protocols can be quite different from one another. In some cases, they are built projects entirely open source — In other cases, they are closed in some aspects, but still implemented open or decentralized tools or mechanisms like smart contracts that are publicly verifiable. Other projects have chosen to create their own distributed ledger technology (DTL) in order to build a protocol for exchange.

Decentralized Exchange Compendium 'Index' Lists Over 200 Dex Platforms
The Index lists the decentralized exchange name, URL, repo, documents, Dex grade, status, protocol, reference, asset, DLT, ORG.

The Benefits of Dex Platforms Are Great But These Projects Have a Limited User Base and Weak Liquidity  

Dex platforms listed on the Index repository include Airswap, Altcoin Exchange, Atomicdex, Bisq, Bancor, Barterdex, Hodl Hodl, Counterparty Dex, Etherdelta, Localcoinswap, Raiden, QTUM Dex, and many more. The list also tells whether or not the Dex is operational, whether the platform has issues, and other types of characteristics.

Decentralized Exchange Compendium 'Index' Lists Over 200 Dex Platforms
Some exchanges are considered “fully” decentralized while others are not operational.

For instance, the Index list features exchanges that offer accountless registration, a decentralized DNS, trustless order matching, and many more methods of decentralization. Out of the 200+ Dex platforms, there are a bunch that are either in their very early beta stages, or some that have been defunct or “dead” for quite some time. There’s still a good handful of “fully” decentralized projects, and Index also details their specific protocol layers and the type of cryptocurrency assets used.

Decentralized Exchange Compendium 'Index' Lists Over 200 Dex Platforms
There are 200+ Dex platforms listed on Index but many of them have very little users and lack liquidity.

The advantages of using a Dex are profound and allow people to trade in a trustless fashion. The chances of losing your money due to an exchange hack is slim to none and you don’t have to reveal your identity which makes your transactions far more private. The disadvantage to Dex platforms right now is mostly lack of traders, and liquidity is also slim to none even on the most popular and fully operational exchanges. However, as more lose money to fallen exchanges and theft, people are slowly starting to migrate to Dex platforms that offer decentralized features.

It’s likely centralized exchanges will never go away but a lot of cryptocurrency proponents hope the majority of crypto-trades will take place on these trustless platforms. Lastly, if decentralized exchanges do dominate the way we trade value, then the technology will surely revolutionize our current monetary systems — And it’s a nice day for a revolution. 

What do you think of the Github repository Index that features a great variety of Dex platforms? Let us know what you think about this subject in the comment section below.


Images via Pixabay, ARTS1840, the Index list, and Github.  


Now live, Satoshi Pulse. A comprehensive, real-time listing of the cryptocurrency market. View prices, charts, transaction volumes, and more for the top 500 cryptocurrencies trading today.

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Novogratz Launches Benchmark Index of 10 Cryptocurrencies

May 10, 2018 |

Novogratz Launches Benchmark Index of 10 Cryptocurrencies

Well-known hedge fund manager Michael Novogratz has launched a cryptocurrency benchmark index in partnership with Bloomberg. The index, designed to track the performance of the largest, most liquid coins, consists of 10 cryptocurrencies at its inception.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

New Crypto Index

Novogratz Launches Benchmark Index of 10 Cryptocurrencies
Michael Novogratz.

Galaxy Digital Capital Management and Bloomberg announced on Wednesday the launch of a cryptocurrency benchmark index called Bloomberg Galaxy Crypto Index (BGCI). Galaxy Digital Capital Management LP is an asset management firm dedicated to the digital currency and blockchain sectors founded by Michael Novogratz, a former Principal and Chief Investment Officer of the Fortress Macro Funds and a former Partner at Goldman Sachs.

Citing that “the BGCI offers the first institutional grade benchmark for the cryptocurrency market,” the announcement details:

The index is designed to track the performance of the largest, most liquid portion of the cryptocurrency market. The BGCI is market capitalization-weighted and measures the performance of ten USD-traded cryptocurrencies, including bitcoin, ethereum, monero, ripple, and zcash.

“The index constituents are diversified across different categories of digital assets, including stores of value, mediums of exchange, smart contract protocols, and privacy assets,” the companies explained. “The index is owned and administered by Bloomberg Index Services Limited and is co-branded with Galaxy Digital Capital Management.”

About the Index

At its inception, the BGCI contains 30% bitcoin and ether, 14.13% ripple, 10.63% bitcoin cash, 6.11% EOS, 3.77% litecoin, 1.67% dash, 1.66% monero, and 1% ethereum classic and zcash.

Novogratz Launches Benchmark Index of 10 Cryptocurrencies

Novogratz set out to launch a crypto hedge fund originally but he halted this plan in December and unveiled Galaxy Digital instead.

He said on Markets Now that “we are hoping that this index becomes the bellwether and benchmark for the whole crypto space that hedge funds are compared to it… and that is seen as a watershed moment where crypto starts to become an indigestible asset class from an institutional perspective.” He also asserted:

The Bloomberg Galaxy Crypto Index brings unprecedented transparency to the crypto markets.

Novogratz Launches Benchmark Index of 10 Cryptocurrencies

“It’s almost essential for every investor to have at least 1% to 2% of their portfolio” in crypto, he emphasized.

In November last year, Novogratz said on CNBC’s Fast Money that “Bitcoin could be at $ 40,000 at the end of 2018. It easily could,” adding that “Ethereum, which I think just touched $ 500 or is getting close, could be triple where it is as well.”

What do you think of Novogratz’s crypto index? Let us know in the comments section below.


Images courtesy of Shutterstock, Galaxy Digital Capital Management, and CNBC.


Need to calculate your bitcoin holdings? Check our tools section.

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Huobi’s Sentiment Index Shows Cryptocurrency Investors Still Bullish

April 3, 2018 |

Huobi's Sentiment Index Shows Cryptocurrency Investors Still Bullish

This week the cryptocurrency exchange Huobi’s educational subsidiary ‘Huobi Research’ conducted a survey with close to 2,000 individuals from 23 different countries to get a visual of what cryptocurrency sentiment looks like today. As cryptocurrencies have slid in value over the past three months according to the report, 77.9 percent of those polled were still bullish over the next three years.

Also read: Trezor to Implement Bitcoin Cash Addresses

Digital Currency Investors Still Optimistic After the Recent ‘Crypto Winter’

Huobi Research has recently published a cryptocurrency sentiment index-survey taken from 1,797 people stemming from various regions worldwide. Questionnaires were distributed over the internet and respondent identities cannot be confirmed Huobi explains. The sentiment index measured positivity and negativity in score ranges between 0 to 100 while a 50 point mean indicates the market cap remains unchanged.

Huobi's Sentiment Index Shows Cryptocurrency Investors Still Bullish

The study details that out of those surveyed in the sentiment index for composite investors this month is 71.7 percent. Short term sentiment ranged around 61.1 percent, medium term (76.4%) and long-term measured around 87.5. Huobi’s report also details that 77.9 percent of voters believe cryptocurrencies will rise by more than 30 percent in the next three years. Even after the ‘Crypto Winter’ of 2018 in the short term, more than half of those polled believe that the total market value of cryptocurrencies will increase in the next month.  

Huobi's Sentiment Index Shows Cryptocurrency Investors Still Bullish    

“The short-term market expectations of investors were scattered, but the overall sentiment was optimistic,” explains the study.  

55.6% of the voters believed that the total market value of cryptocurrency would increase in the next month, with the highest percentage of voters choosing to increase slightly, reaching 29.6%. Another 26.4% of voters held a more pessimistic view and believed that the market value of next month will decline.

Huobi's Sentiment Index Shows Cryptocurrency Investors Still Bullish

Investors More Confident in the Medium and Long-Term Cryptocurrency Prospects

The research reveals that most investors are more bullish towards the medium-term market in regard to the cryptocurrency economy. Around 77.6 of the participants believe that the total market value of cryptocurrency will see gains in the next three months. “51.1% of the voters were confident in the market and believed that the market value of cryptocurrency would increase by more than 30% in the next three months,” Huobi’s paper details. The long-term analysis reveals similar findings:   

About 14.9% of voters were pessimistic about the market for the next three months A total of 88.0% of voters were bullish about the long-term market.

Huobi's Sentiment Index Shows Cryptocurrency Investors Still Bullish

Overall the long-term is where the most confidence rests at the moment with the investors Huobi surveyed. Additionally, the report explains investors who think the crypto-market cap will drop by more than 30 percent accounted for 6.9 percent.

What do you think of the Huobi Research survey? Do you think sentiment indexes can show a good indication of how people feel about the market? Let us know what you think about this research in the comments below.


Images via Shutterstock, and Huobi Academy of Blockchain Research. 


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Thomson Reuters and Marketpsych Launch Bitcoin Sentiment Index

March 12, 2018 |

Thomson Reuters and Marketpsych Launch Bitcoin Sentiment Index

Thomson Reuters Corp has announced the launch of a gauge tracking the sentiment of cryptocurrency traders. The metric will track and examine discourse regarding bitcoin on hundreds of major social media websites and news outlets in order to estimate the majority sentiment of the bitcoin and cryptocurrency markets.

Also Read: The Bitcoin Misery Index: Finding An Entry Way With Sadness

Thomson Reuters Reveals Marketpsych 3.0

Thomson Reuters and Marketpsych Launch Bitcoin Sentiment IndexThomson Reuters Corp in partnership with Marketpsych Data LLC has announced the launch of a new version of their Marketpsych Indices sentiment data feed, which now includes analysis of bitcoin market sentiment.

The new version, Marketpsych 3.0, has seen “Over 400 news and social media sites, many specific to cryptocurrencies” added to the software’s feed. Thomson Reuters claims that “Each site is scanned and scored in true-time” in order to ascertain “market-moving sentiments and themes.”

Austin Burkett, the global head of Thomson Reuters’ Quant and Feeds, has stated “News and social media are driving the investment and risk management process more than ever with the continuing rise of passive and quant-driven trading,” adding that “As the financial marketplace rises in complexity, so too does the need to provide our clients with not only the relevant data, but the tools to help them manage and analyze that data. MarketPsych 3.0 helps deliver another layer of analysis and value-add in the investing process.”

Thomson Reuters Introduces Cryptocurrency Services

Thomson Reuters and Marketpsych Launch Bitcoin Sentiment IndexThomson Reuters provides insights into traditional and emerging asset classes, with the company currently publishing “prices for Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.” In 2016, Thomson Reuters introduced BlockOne IQ – a tool designed to allow traders to use Reuters’ market data systems to analyze blockchain-based currencies.

The announcement of Marketpsych 3.0 comes a week after Fundstrat executive Tom Lee revealed a new bitcoin sentiment gauge called the “Bitcoin Misery Index.” Mr. Lee unveiled the index during an interview with CNBC, proclaiming that the index currently reads at 18.8 – the lowest it has been since 2011.

Mr. Lee described the index as a contrarian indicator, stating that “The last four times this was below 27 […] there was not a single instance with bitcoin not up 12 months later.”

Do you think that sentiment gauges are a useful trading tool? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


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