---
title: Emoji driven crypto assets market reactions
url: https://www.ml-quant.com/papers/ssrn/4722627/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4722627
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4722627
featured: 2024-02-14
citations: 5
topic: Crypto & DeFi
---


# Emoji driven crypto assets market reactions

Research using GPT4 and a BERT model shows that Twitter emoji sentiment can predict cryptocurrency market trends and help avoid major downturns.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4722627
- Identifier: SSRN 4722627
- Released: 2024-02-11
- First featured: Quant Letter No. 37 (2024-02-14): https://www.ml-quant.com/issues/2024-02-14/
- Citations (Semantic Scholar): 5
- Published in: Management & Marketing
- Topic: Crypto & DeFi

## Related

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- [From Whales to Waves: The Role of Social Media Sentiment in Shaping Cryptocurrency Markets](https://www.ml-quant.com/papers/ssrn/4706410/): The paper explores the correlation between cryptocurrency market trends and investor sentiment, revealing a significant connection, especially influenced by large-scale investors.
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- [Deep learning and NLP in cryptocurrency forecasting: Integrating financial, blockchain, and social media data](https://www.ml-quant.com/papers/arxiv/2311.14759/): The study uses Machine Learning and Natural Language Processing to predict Bitcoin and Ethereum prices using Twitter and Reddit data, improving forecasting accuracy.
- [Bitcoin Sentiment Index and Asset Classes Connectedness: An International Evidence](https://www.ml-quant.com/papers/ssrn/4817777/): The study investigates the influence of Bitcoin investors' sentiments on global stock market volatility and the relationship between Bitcoin and other financial assets.
- [Legal NLP Meets MiCAR: Advancing the Analysis of Crypto White Papers](https://www.ml-quant.com/papers/arxiv/2310.10333/): The paper explores the use of Natural Language Processing in analyzing crypto-asset white papers for regulatory compliance under the EU's crypto-asset regulation, discussing the potential and challenges of this integration.
