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

Li Jiaqi will sell Token during his live stream tonight, with Chen Yusen, head of Qianwen Office, as a special guest, who will generously give away 20 trillion Token.

Beating AI News Flash: At 7:30 PM on November 2, Li Jiaqi will launch sales of Token in his Tmall Double 11 live stream. Chen Yusen, Vice President of Alibaba and Head of Qianwen Office, will attend the event, and the live stream also announced a giveaway of 20 trillion Tokens. Also making appearances at the event are AI PCs pre-installed with Qianwen Office, AI audio-notetaking cards, and desktop robots. In fact, Tokens have already entered e-commerce platforms. On September 3, Tmall launched its Token Recharge Center, integrating vendors including Alibaba Cloud, Zhipu, Kimi, and MiniMax, offering monthly-subscription AI packages and pay-as-you-go recharge services that support card code redemption or direct top-ups.

3 minutes ago

A mysterious whale has transferred a total of 1.49 million SOL to CEX over the past 10 days.

According to Lookonchain's monitoring, a mysterious crypto whale is steadily selling SOL. Over the past 10 days, the whale has transferred a total of 1.49 million SOL tokens (valued at $148.77 million) to multiple trading platforms.

3 minutes ago

Mysterious Whale Deposits 1.49M $SOL ($148.77M) to Exchanges in 10 Days

This mysterious whale keeps dumping $SOL! Over the past 10 days, the whale has deposited 1.49M $SOL ($148.77M) into multiple exchanges.

3 minutes ago

Pando Rings hacker activity: Transfers 4,000 ETH to Tornado Cash via Aave

According to PeckShield monitoring, the address that exploited the PandoRings vulnerability deposited 16.8 million USDT into Aave, borrowed 5,000 ETH, repaid the debt afterward, and withdrew its collateral on October 30. The address then converted 16.7 million DAI into 7,548 ETH and deposited 4,000 ETH into TornadoCash. On November 5, 2022, the Pando Rings project suffered a major security incident, where attackers exploited a vulnerability in its price oracle to steal approximately $20 million.

3 minutes ago

South Korea's KOSPI index closed up 2.24%, and SK Hynix closed up 3.8%.

According to Bitget market data, South Korea’s KOSPI index closed 128.33 points higher (2.24%) at 5859.07 on Monday, November 2, after falling nearly 2% in early trading. SK Hynix closed up 3.8%, while Samsung Electronics rose 1.7%.

3 minutes ago

Tron Surpasses 16B Total Transactions With 11.56M Daily Average

The total transactions on #Tron have surpassed 16 billion! On average, 11.56 million transactions are processed every day.

3 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano