How does the opening of the US stock market affect Bitcoin? (Will the US stock market open lower?)

08/19/2023 12:13 • Tech Trends • 52 views

How does the opening of the US stock market affect Bitcoin? How does the opening of the US stock market affect Bitcoin? In the global financial market, the rise and fall of stocks have a huge impact on American investors. According to Forbes, the total assets in the United States have reached $50 trillion, compared to $20 trillion in the same period last year; some investment products including gold and Bitcoin have dropped by more than 50%. But from the perspective of cryptocurrency, “buying” is one of the best trading strategies: when the stock market begins to decline, selling behavior will increase.

For those who consider US stocks to be risky investments, the opening of the US stock market is not really something new (for example, if you are buying a digital wallet now, it will cause a significant price increase), but something related to Bitcoin:

(1) Companies listed on the NASDAQ can obtain premium trades.

(2) In the lending business of Wells Fargo, companies can provide funding support to customers at low interest rates. This model is called “cash flow management” because these loans are typically made by institutions, but this situation will change over time. This means they can trade without intermediaries. So in such a market, we need a new source of liquidity to maintain our capital accumulation.

(3) By investing in large enterprises, a long-term equity structure can be established, allowing people to have a longer development cycle.

Will the US stock market open lower?

Today, when the US stock market opened, the NASDAQ index fell more than 1% to 4290 points at one point.

This is the first drop below 2000 points since August 20th (see chart below). If the market performs so poorly, does it mean that US stocks will further decline? Or will investors start selling stocks as the volume of cryptocurrency transactions decreases?

In fact, at present, Bitcoin and Ethereum have shown significant market volatility, but from a technical perspective, they still have a lot of room for growth. (Image source: TradingView)

So let’s take a look, will the price of Bitcoin continue to decline when the global economy slows down? Actually, it is not the case now. (Data source: Skew)

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How does the opening of the US stock market affect Bitcoin? (Will the US stock market open lower?)

Will the US stock market open lower?

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