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4E: Weak Consumer Confidence Reignites Economic Concerns, US Stock Market Rally Slows, Crypto Market Volatility Continues

12 hours ago

March 26th: Based on 4E monitoring, Trump may loosen his tariff plan, partially alleviating the market's anxiety regarding a full-scale trade war and facilitating the continuous rebound of the US stock market. On Tuesday, the three major US stock indexes inched up slightly following Monday's gains. The S&P 500 rose by 0.16%, the Dow Jones Industrial Average rose by 0.01%, and the Nasdaq rose by 0.46%. Most large-cap tech stocks witnessed an increase, with Tesla rising by more than 3% for the fifth consecutive day, amassing a total gain of 28%. In the crypto market, after reaching a peak of $88,765 on Monday, Bitcoin pulled back. However, it broke through $88,000 again last night, demonstrating strong upward momentum. As of the time of writing, it is hovering above $87,000 after a slight pullback, with a 24-hour gain narrowing to 0.8%. Various sectors in the market generally rose, with the Meme sector continuously showing strength. The current market sentiment is optimistic. Historically, risk assets perform best in the second quarter, especially in April each year. In the commodities market, recent economic data showed weakness, causing the US Dollar Index to turn downward after reaching a nearly three-week high and ending a four-day winning streak. Oil prices fell slightly due to the Russia-Ukraine agreement. Meanwhile, the grim economic outlook led to a 0.31% increase in spot gold, reversing a trend of three consecutive days of decline. Last night's release of the US March Consumer Confidence Index was lower than expected, hitting a four-year low, reflecting consumers' concerns about the economic outlook. The lackluster data significantly slowed down the upward momentum of US stocks, and the three major indexes barely closed in positive territory. As the April 2nd deadline for retaliatory tariffs approaches, the market is closely watching how relevant policies will impact economic growth and inflation. eeee.com, as a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities like gold, and forex, recently launched a USDT stablecoin financial product with an annualized return rate of 8%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and allocate your assets reasonably.
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The U.S. House of Representatives is set to finalize the full text of the Stablecoin Transparency and Accountability Act today.

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Bitcoin Dips Below $87,000

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