4E: US Stock and Crypto Markets Rebound, Focus This Week on US February PCE Price Index
2025.03.24 11:00:34
March 24th. Based on 4E monitoring, during the past week, the dovish remarks from the Federal Reserve and President Trump's statement regarding flexibility in the tariff plan successively boosted stock market confidence. After significant fluctuations, the three major indices closed up collectively for the week: the Dow increased by 1.2%, marking the largest weekly gain in more than two months; the S&P 500 rose by 0.51%, ending a four-week losing streak; the Nasdaq rose slightly by 0.17%, halting the previous four-week decline. However, large-cap tech stocks generally closed the week in a lower position, with Nvidia down by 3.26%, Tesla down by 0.53%, and experiencing a consecutive nine-week decline.
The cryptocurrency market witnessed fluctuations but overall showed a mild upward trend. Bitcoin dipped below $81,000 on Tuesday and then rebounded. It surged above $87,000 on Thursday following the dovish comments from the Fed and hit a two-week high. After that, it oscillated around the $84,000 level. This morning, it experienced another rapid increase and was trading at $85,721 before the deadline, with a 3.18% increase in the past 7 days. Other major altcoins saw slight gains, with Ethereum striving to hold above $2,000, and the on-chain meme trend of BNB continued to attract attention. Signs of a market recovery are emerging, and investor sentiment is improving.
In the commodities market, the US dollar index rose by 0.34% for the week, marking its first weekly gain this month. Tensions between Russia and Ukraine and in the Middle East continued to escalate, resulting in a more than 2% increase in crude oil prices for two consecutive weeks. Spot gold rose by 1.31% last week, extending a three-week upward trend.
Last week, the Federal Reserve maintained interest rates unchanged, in line with market expectations, with the guidance for two rate cuts still in place for the year. Powell's remarks also brought some comfort to the market. This week, the focus is on the release of the Fed's preferred inflation measure - the PCE Price Index on Friday. Additionally, as the April 2nd "tariff deadline" approaches, market caution remains due to uncertainty. However, once the tariff outlook becomes clearer, the ongoing market turbulence of recent weeks may start to subside.
As a financial trading platform that supports cryptocurrency, stock indices, commodities such as gold, and forex assets, eeee.com recently launched a USDT stablecoin financial product with an 8% annualized return, providing investors with a potential hedging option. 4E reminds you to be aware of market volatility risks and to allocate your assets rationally.
Relevant content
Deloitte Acquires Crypto Infrastructure Company Blocknative
On Tuesday, May 20, Deloitte announced the acquisition of crypto infrastructure firm Blocknative, a deal primarily centered on talent recruitment. Per the announcement, Blocknative’s team will focus on driving Web3 innovation within Deloitte’s client ecosystem moving forward.
Blocknative’s official website currently features a notice saying the firm is “gradually winding down operations.” Its Blocknative API and Gas Network services will also be phased out, with functionality expected to remain available through June 19.
Founded in 2018, Blocknative is a blockchain infrastructure firm specializing in real-time mempool monitoring, gas fee forecasting, and transaction management. The company provides APIs and related tools to optimize on-chain transactions; its Gas Network is a decentralized oracle network that delivers real-time gas fee data.
This move comes amid a broader wave of consolidation across the crypto ecosystem. It follows a trend of traditional firms like Deloitte expandi
24 minutes ago
Fintech company Moment raises $78 million in funding round led by Index Ventures
May 20 (Bloomberg) – Fintech firm Moment, founded by a former Citadel Securities quant trader and researcher, has closed a $78 million funding round. Over the past year, the company partnered with financial services players including Edward Jones, LPL Financial, and Hightower Advisors. The latest round was led by Index Ventures, with participation from existing backers Andreessen Horowitz and Avra. Moment’s core offering automates fixed-income and equity trading technology for financial institutions. The company’s prior financing round was last July, when it raised $36 million.
24 minutes ago
The probability of the Federal Reserve keeping interest rates unchanged in June is currently reported at 98.7%.
May 20 update: According to CME Group’s FedWatch data, the current probability of the Federal Reserve delivering a 25 basis point interest rate cut in June is 1.3%, while the odds of rates remaining unchanged stand at 98.7%.
24 minutes ago
Current mainstream CEX and DEX funding rates display a significant decrease in bearish sentiment
May 20th: Per Coinglass data, as Bitcoin stays in sideways trading, funding rates on leading centralized (CEX) and decentralized (DEX) exchanges show a clear weakening of bearish sentiment—specific rate details are available in the attached image.
BlockBeats Note: The funding rate is a fee mechanism used by crypto exchanges to align perpetual contract prices with spot market prices. It facilitates fund exchanges between long and short traders; platforms do not collect this fee. The rate adjusts the cost or profit of holding contracts to keep contract prices closely matched to spot values. Key benchmarks: The baseline funding rate is 0.01%. A rate higher than 0.01% typically indicates a bullish market, while a rate lower than 0.005% signals broad bearish sentiment.
24 minutes ago
Samsung Electronics to Resume Negotiations with Union on Wednesday
May 20 – Samsung Electronics and its union will resume negotiations this Wednesday, according to Yonhap News Agency.
24 minutes ago
Yellen to Divest from Assets Prior to Swearing-In
May 20 — Federal Reserve Chair nominee Janet Yellen announced she will divest her assets before being sworn in, Xinhua News Agency reported.
24 minutes ago