Bloomberg: Bitcoin’s Recent Renaissance Could Be Linked to Algorithmic Trading [CoinTelegraph]

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Algorithmic trading — a method that uses automated software to detect trends and determine when trades should be made — has been on the rise in the last few months, according to Bloomberg. The industry has seen 17 new algo or quantitative funds launched since September, an amount that purportedly comprises 40 percent of crypto hedge funds started during this period [...]

Full Story:https://cointelegraph.com/news/bloomberg-bitcoins-recent-renaissance-could-be-linked-to-algorithmic-trading