Lookonchain APP

App Store

U.S. February Retail Sales Growth Below Expectations, Uncertainty Leads to Low Consumer Confidence

19 hours ago

March 17th: In the United States, retail sales in February witnessed a monthly increase; however, it fell short of expectations. The January sales decline was revised from 0.9% to 1.2% on a month-on-month basis. The report indicates that among 13 categories, only 5 categories experienced an increase in sales in February compared to January. These categories include non-store retailers (representing e-commerce), general merchandise, health and personal care, food and beverages, and building materials. These types of categories are generally essential goods rather than non-essential ones. Hence, the growth in these areas implies that consumers were cautious with their spending last month. Retailers have issued warnings that due to cold weather, tax refund delays, and the increasing uncertainty of consumers regarding the economy, February began on a weak note. Since January of this year, consumer confidence has been on a downward trend for three consecutive months as Americans strive to deal with the constantly changing policies of the Trump administration, such as intermittent tariffs and widespread layoffs in the federal government. (Jin10)
Relevant content

What a smart trader—made $1.28M on $mubarak and another $300K+ on $TUT!

What a smart trader—made $1.28M on $mubarak and another $300K+ on $TUT! Spent $40K to buy 8.7M $mubarak and sold 2.7M $mubarak for $248K, leaving 6M $mubarak($1.08M). Spent $42K to buy 11.1M $TUT and sold 1.9M $TUT for $32K, leaving 9.2M $TUT($312K).

5 minutes ago

TUT Keeps Rising, Market Cap Surpasses $40 Million Temporarily

On March 18th, according to the GMGN market information at GMGN, TUT continues to rise. Its market capitalization briefly exceeded $40 million and is currently at $38.35 million. The 24-hour price increase has expanded to 320.43%.

5 minutes ago

PancakeSwap's trading volume in the past 24 hours has exceeded $25 billion, surpassing Uniswap by nearly 2x to rank first.

On March 18th, based on DefiLlama data, the 24-hour trading volume of PancakeSwap reached $25.25 billion, ranking first in the overall trading volume of DEX protocols. In contrast, during the same period, the volume of Uniswap was only $13.1 billion.

5 minutes ago

Viewpoint: Bitcoin's current stability is temporary, preparing for a significant price fluctuation

On March 18th, according to a research report from Derive, a decentralized on-chain options platform, the tranquility in the Bitcoin market recovery might be only temporary and could set the stage for a storm that leads to significant price volatility. Since March 12th, BTC has been maintaining stability within the range of $80,000 to $85,000. This consolidation phase usually occurs after a substantial directional movement. Due to various factors such as President Donald Trump's tariffs and the disappointment over the absence of new purchases for the U.S. strategic BTC reserve, the price has plummeted from above $100,000 to below $80,000 in the past few weeks. With the recent consolidation, key volatility indicators have decreased and approached monthly lows. However, volatility shows mean-reverting behavior, indicating that the low volatility regime may soon make way for price turbulence. (CoinDesk)

5 minutes ago

Matrixport: Stablecoin Inflows Continuously Supporting Bitcoin Demand Growth

On March 18th, Matrixport released a chart today, indicating that although the rapid growth trend of stablecoins in the fourth quarter of 2024 has somewhat decelerated, the overall growth momentum is still ongoing, suggesting that funds are continuously flowing into the crypto market. It is noteworthy that despite the impact of the European MiCA regulatory framework on USDT, the market has not witnessed a large-scale outflow of funds. With the stable increase in stablecoin inflows, the demand for Bitcoin may also rise, further driving up the price.

5 minutes ago

Gate.io HODLer Airdrop Launches for Siren (SIREN)

On March 18th, Gate.io will list Siren (SIREN) for spot trading. The trading will start from March 19th, 2025 at 18:00 (UTC+8). Additionally, from March 18th at 16:00 to March 19th at 16:00 (UTC+8), there will be a HODLer Airdrop. Those who hold 1GT will be eligible for a free airdrop. A total of 2,000,000 SIREN tokens will be distributed, and the individual participation limit is 5,000GT.

5 minutes ago