4 Things You Should Know Before US Stock Markets Open!

On the last trading day of the week bitcoin It is trading around $23700, losing 1%.

The pullback in Bitcoin has slowed down the uptrend in altcoins that has been going on for a while.

Ethereum While it remains above $1800, we see a sideways trend in other altcoins.

Cryptocurrency markets have been acting in correlation with US stock markets for a long time. Therefore, the opening of the US stock markets is now expected.

When we look at the agenda in the USA before the opening, the following topics come to the fore.

US Futures Positive

Yesterday, the US stock markets closed with a mixed course. The Dow Jones and S&P 500 ended the day with no losses or gains, while the Nasdaq closed with a loss of 0.6%.

Today, we see that US futures have moved into positive territory again. The positive opening in the US stock markets may increase the risk appetite on the Bitcoin side.

Inflation Reduction Law To Be Approved

The USA has been discussing the 740 billion dollar Inflation reduction package for a while. Today, this law is expected to be approved by the Parliament and sent to Joe Biden. The bill foresees innovations in the fight against climate change and in the health sector. Democrats think this bill will make a big difference at the kitchen table of American families.

Rivian Predicts Bigger Loss

Electric vehicle maker Rivian said it could face more losses later in the year, citing other challenges in the supply chain and industry. The company posted a loss of $1.7 billion in the second quarter.

USA Relaxes Covid-19 Precautions

The Covid-19 pandemic does not seem to be over. While tens of thousands of people are infected every day in the USA, the US Center for Disease Control and Prevention announced that it has facilitated the virus-fighting guidelines and reduced the threat level of the disease.

Now, at 16.30, the opening of the US stock markets will be followed.