Lookonchain APP

App Store

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

TSMC's US stock rose over 4% in pre-market trading, as it will develop AI chip packaging technology.

According to BIT (bit.com) market data, Taiwan Semiconductor Manufacturing Co. (TSM.N) saw its U.S. pre-market shares rise more than 4%. On the news front, TSMC announced today that it will develop AI chip packaging technology.

7 minutes ago

Polymarket to Upgrade Crypto Prediction Market Settlement Rules: Ditches Single-Price Snapshots for Time-Weighted Average Prices

Prediction platform Polymarket announced it will implement major adjustments to the settlement mechanism of its crypto price movement markets starting August 7 to safeguard market integrity. Effective at 00:00 UTC that day, affected markets will no longer settle based on a single point-in-time price snapshot, instead adopting the Time-Weighted Average Price (TWAP) model. Different market durations have corresponding TWAP windows: all crypto 5-minute markets use a 30-second TWAP, 15-minute markets use a 60-second TWAP, and 4-hour markets also use a 60-second TWAP. The prior single-snapshot settlement method was vulnerable to price manipulation during low-liquidity periods; the change marks Polymarket’s proactive reinforcement of its market integrity framework following a series of regulatory concerns. To support the transition, Polymarket will allocate $1 million in liquidity rewards to all affected markets throughout August. Technically, Chainlink’s TWAP testnet data stream is already live, while mainnet data streams and Polymarket’s real-time data stream service will launch on August 4. Developers will then be able to access TWAP prices directly via Chainlink Data Streams or Polymarket’s public WebSocket.

7 minutes ago

Last week’s U.S. initial jobless claims increase came in below expectations, and the U.S. labor market remains in a phase of slowing hiring and layoffs.

The increase in U.S. initial jobless claims last week came in lower than market expectations, signaling the labor market remains stable. The U.S. Department of Labor announced Thursday that for the week ending July 25, initial jobless claims across states rose by 9,000 to a seasonally adjusted total of 197,000, against economists' forecast of 200,000. This uptick partially offset the prior week's decline, when the figure had hit its lowest level since 1969. Initial jobless claims data for July is often volatile, as automakers typically halt production for annual maintenance and equipment upgrades during this period. However, this year, General Motors kept most of its assembly plants operational, while Ford Motor canceled its traditional summer shutdown for truck factories. This may have disrupted the statistical models the government uses to filter out seasonal fluctuations. Economists noted that the U.S. labor market remains in a state of "slowing hiring and slowing layoffs".

7 minutes ago

Oracle climbs nearly 5% in pre-market trading, set to launch enterprise applications powered by Google’s Gemini model.

According to BIT (bit.com) market data, Oracle’s US stock rose nearly 5% in pre-market trading, and is now up over 3.5%. On the news front, Oracle has expanded its partnership with Google, and will launch enterprise applications powered by Google’s Gemini model.

7 minutes ago

Ethereum’s 11th anniversary: From a humble office to the "World Computer", core developers share the classic group photo from its launch day.

Early Ethereum core developer Lefteris Karapetsas (@lefteris.eth) took to Farcaster to mark the 11th anniversary of Ethereum’s launch. “Unbelievable, it’s already been 11 years,” he wrote. “On July 30, 2015, we launched Ethereum from a humble small office in Berlin’s Kreuzberg district. Since then, everything has changed dramatically. Ethereum has undergone countless transformations, but one thing has remained constant: Ethereum is the world computer.” In the throwback photo Karapetsas shared—taken on Ethereum’s mainnet launch day (July 30, 2015)—early core developers posed for a classic group shot in the modest office. The background screen displayed “Frontier block #1,028,201,” information tied to the network’s genesis block launch. Early core devs and contributors gathered to celebrate, including Gavin Wood, Christian Reitwiessner, Christoph Jentzsch, and others. Ethereum’s primary founder and core designer Vitalik Buterin appeared relatively low-key on the group’s periphery; at just 21 years old, he joined the team to witness this historic moment that would reshape the blockchain world.

7 minutes ago

Microsoft is considering launching an open-weight AI model to counter competition from Chinese AI developers including DeepSeek and Moonshot AI.

According to Nikkei News, Microsoft (MSFT.O) is considering making some of its self-developed AI models available with open weights. Mustafa Suleyman, CEO of Microsoft AI, said the company is evaluating this possibility amid growing popularity of Chinese AI models among U.S. users. The move signals a potential shift in Microsoft’s AI strategy: facing competition from Chinese AI developers including DeepSeek and Moonshot AI, Microsoft aims to boost its competitiveness while reducing reliance on OpenAI. The tech giant also stated it plans to maintain its multimodal strategy, enabling customers to use models from OpenAI or Anthropic based on their specific needs.

7 minutes ago