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
Glassnode: Bitcoin erases its 3-month underperformance relative to the S&P 500 in just 3 days.
According to Glassnode data, Bitcoin erased its 3-month underperformance relative to the S&P 500 in just 3 days. Data shows that BTC has underperformed the S&P 500 for most of the time; however, when BTC outperforms the S&P 500, its excess returns are often significant.
2 minutes ago
Bitcoin briefly dropped below $77,000.
According to HTX market data, Bitcoin briefly dipped below $77,000, currently trading at $76,853.39, with its daily gain narrowing to 6%.
2 minutes ago
Iran's President: Given that the international community has recognized Iran's victory, the war should end immediately.
According to the Iranian Students' News Agency (ISNA), Iranian President Masoud Pezeshkian stated that given Iran’s current strong position and the international community’s recognition of its victory, Iran should immediately end the war.
2 minutes ago
A crypto whale, who stated he would "set 10 big targets first", discusses losses from his short positions: he originally intended to bet on a market pullback, but ended up suffering $4.6 million in losses.
Crypto whale "Sets 10 Big Goals First" opened up about recent short position losses on X, saying: "This short trade was meant to catch a pullback before re-entering long positions, but the market corrected my view. My preset stop-loss at 70,400 didn’t get hit, and the price jumped straight to around 71,500. I’d only braced for a 2 million loss, but it ballooned to 4.6 million."
2 minutes ago
The entity "7 Siblings" sold 18,500 ETH today at an average price of $2,356.
According to YuEmber monitoring, the entity "7 Siblings" has sold 18,500 ETH today, in exchange for 43.58 million USDC, at an average selling price of $2,356.
2 minutes ago
Bitcoin's apparent demand has hit a new high since the start of this year, entering a phase of supply shortage.
Crypto analyst Darkfost noted in a post that Bitcoin’s 2026 apparent demand reached a record 25,000 coins, signaling that actual spot buying volume outpaces newly mined Bitcoin, with market buying strength exceeding supply. Apparent demand is defined as daily block subsidies minus the daily change in supply that has remained unused for over a year, a metric used to gauge whether structural accumulation can effectively absorb new supply.
2 minutes ago