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

A Whale Engaged in "Buy Low, Sell High" with ETH, Suffered Significant Losses in Recent Transactions

March 23 — Per lookonchain monitoring data, Ethereum builder thomasg.eth has pulled off a "buy low, sell high" move with ETH: On March 3, he sold 12,131 ETH at $1,998 apiece (totaling ~$24.24 million); in the past week, he bought back 10,209 ETH at an average price of $2,211 (totaling ~$22.58 million).

1 seconds ago

Middle East Tensions Escalate Triggering Global Market Plunge: Asian Stocks Tumble, Precious Metals Decline, Oil Prices Surge

March 23 — Global financial markets saw sharp volatility on Monday amid escalating Middle East tensions. Asian stocks tumbled across the board: Japan’s Nikkei 225 dropped 5%, South Korea’s KOSPI plunged 6%, Taiwan’s Weighted Index opened down more than 3%, and FTSE China A50 futures weakened in tandem. Safe-haven assets showed mixed performance: Spot gold briefly dipped below $4,370 an ounce, hitting a fresh low since early January, while spot silver tumbled more than 4%. Energy prices, meanwhile, gained ground, with oil prices extending their rise. In currency markets, the South Korean won dropped to a fresh 2009 low against the U.S. dollar, signaling accelerating capital flows into safe-haven assets. Market analysts note that geopolitical risk spillover is triggering a global selloff in risk assets and liquidity tightening, with short-term volatility likely to intensify further.

1 seconds ago

Sky Mavis Goes Long on Gold with 20x Leverage and Simultaneously Closes Out a Short Position on the S&P 500

On March 23, per OnchainLens monitoring, as spot gold prices continue to slide, Sky Mavis co-founder Rune has opened a 20x leveraged long position on gold. He’s also in the process of closing his S&P 500 ($SP500) short position, while maintaining TWAP orders to buy and sell into that position.

1 seconds ago

South Korea's KOSPI Index Plunges 6.00% in a Single Day

On March 23, South Korea’s KOSPI index plunged 6.00% intraday, last trading at 5432.67 points, per Bitget market data.

1 seconds ago

Fidelity Calls on SEC to Establish New Framework Allowing Brokers to Trade Crypto Assets via ATS

March 23 — Per disclosures, Fidelity has proposed a regulatory framework in a letter to the SEC that would allow broker-dealers to trade crypto assets on alternative trading systems (ATS). The proposal aims to integrate crypto asset trading into the existing financial system, boosting market compliance and institutional participation.

1 seconds ago

Bitcoin Mining Difficulty Decreases by 7.8%: Miners Shift to AI Hashpower, Network Hashrate Continues to Drop

On March 23, Bitcoin’s mining difficulty dropped by approximately 7.76% to 133.79T—marking the second-largest negative adjustment of 2026 so far. The network’s current hashrate has fallen to roughly 903–948 EH/s, a significant drop from its 2025 peak. Analysts note that with bitcoin prices below production costs and mining revenues under pressure, many miners are shifting their infrastructure to AI and high-performance computing (HPC) operations, driving structural transformation in the industry. Mining firms such as Core Scientific and Bitdeer have accelerated these shifts, which could impact the Bitcoin network’s long-term security and hashrate distribution.

1 seconds ago