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
U.S. Treasury Secretary: Core Inflation is Trending Downward and the Fed Will Eventually Cut Rates Further
(FX168) — April 15th: U.S. Treasury Secretary Yellen says she understands the Federal Reserve needs to wait for the right time to cut interest rates, noting the central bank will ultimately cut rates further. Core inflation is trending downward.
2 minutes ago
Tether Invests $134 million in Crypto Infrastructure Firm SDEV
On April 15, Tether officially announced that Tether Investments has joined a $134 million financing round for publicly traded Stablecoin Development Corporation (NYSE American: SDEV). Other investors in the round include R01 Fund LP, Framework Ventures, and additional digital asset-focused investment firms.
SDEV positions itself as an on-chain holding company focused on stablecoin payments, transfers, cross-platform fund flows, and other infrastructure development—with the aim of lowering user barriers to entry.
2 minutes ago
The United States has not yet agreed to extend the ceasefire agreement, and both parties are still in contact to reach a deal.
April 15 — Per Axios, the U.S. has not agreed to extend the ceasefire. A U.S. official said the U.S. and Iran remain in contact to reach an agreement.
Separately, an Iranian Foreign Ministry spokesperson noted reports of a ceasefire extension are unconfirmed.
2 minutes ago
Binance Alpha Launches xMoney (XMN) and Conducts Token Swap Airdrop
On April 15th, Binance announced that xMoney (XMN) is now live on its Alpha platform, with trading officially open.
Binance UTK holders will automatically receive an exclusive airdrop at a rate of 3 UTK for 2 XMN—distributed directly to their Alpha 2.0 accounts, no claiming required and no Alpha Points needed.
2 minutes ago
Iran: Communication with the United States Still Ongoing, Multiple Rounds of Information Exchanged
**April 15 (Xinhua) — Iran’s Foreign Ministry spokesperson confirmed Wednesday that communication with the U.S. via Pakistan remains ongoing.**
**Iran is expected to host a Pakistani delegation on Wednesday for follow-up talks, which will cover ending the conflict, lifting sanctions, and seeking compensation for damages from U.S. and Israeli attacks on Iran.**
**Since the Iranian delegation returned to Tehran, Iran has held multiple rounds of information exchanges with the U.S. through Pakistan as of today, the spokesperson noted.**
**Iran’s position on these issues is clear: it has been stated in previous negotiations and reiterated in subsequent communications, the spokesperson added.**
2 minutes ago
BlackRock's ETF Transfers 15,101 ETH and 566.753 BTC to Coinbase Prime
April 15th: Arkham Monitoring reports that over the past hour, BlackRock’s Ethereum ETF (ETHA) transferred 15,101 ETH (valued at $35.11 million) to Coinbase Prime, while its Bitcoin ETF (IBIT) moved 566.753 BTC (valued at $41.85 million) to the same platform.
2 minutes ago