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

Tether Introduces On-Chain Gold New Measurement Unit Scudo, Equivalent to One Thousandth of an Ounce

February 13th, official sources confirm that Tether Gold has launched a new measurement unit called Scudo, designed to offer a fresh, intuitive way to gauge on-chain gold value. One Scudo is defined as equivalent to 1/1000 of an XAUT (gold ounce), giving users a more practical, user-friendly option for microtransactions—making sending and receiving on-chain gold simpler. Tether notes this move will boost the everyday usability of gold-backed digital assets, delivering a more flexible operational experience for investors and traders.

2 minutes ago

A whale trader went long on the US tech sector with a $23.5 million position, mainly holding Micron Technology, which saw a sharp rise in recent days.

February 13th — Per Coinbob Popular Address Monitoring, the "Respected Whale Trader" wallet (0x894...) has fully exited its prior $40 million long positions in the Nasdaq index and copper prices. The trader has now shifted focus to U.S. tech stocks, holding a total position of ~$23.5 million, with a focus on the storage and AI sectors. Key long positions include: - 10x long on Micron (MU): ~$9.31M position size, average entry price $379.993, unrealized gain ~$830,000 - 5x long on NVIDIA (NVDA): ~$5.36M position size, average entry price $192.858, unrealized loss ~$140,000 - 7x long on Google (GOOGL): ~$4.63M position size, average entry price $312.51, unrealized loss ~$50,000 - 5x long on SanDisk (SNDK): ~$3.19M position size, average entry price $592.31, unrealized gain ~$230,000 The trader specializes in U.S. stocks and on-chain precious metals trading. Previously, they were the largest long holder of on-chain gold, before taking a $40 million position in Nasdaq and coppe

2 minutes ago

A whale deposited 8200 BTC to Binance in the past two days, approximately $559 million

As of February 13th, per data from LookIntoBitcoin, a Bitcoin whale has transferred 8,200 BTC (valued at approximately $559 million) to Binance over the past two days. Bitcoin’s price has dipped following each of the whale’s deposits to the exchange.

2 minutes ago

Extended announces the launch of US Stock Perpetual Futures Trading

**February 13: Perp DEX Extended—founded by ex-Revolut team members—has launched its first six stock perpetual contract trading pairs, per official sources.** The pairs include Google parent Alphabet, Nvidia, AMD, Tesla, Strategy, and Amazon. In a statement, Extended noted the main reason stock perpetual contracts haven’t scaled meaningfully on-chain is insufficient liquidity. The platform is actively addressing this gap and will share further updates down the line.

2 minutes ago

Hyperliquid is pleased to announce that HIP-3 Cross-Margin Functionality has been enabled on the testnet.

February 13th — Official sources confirm Hyperliquid has activated the cross-margin feature for its HIP-3 permissionless perpetual contract market on testnet (mainnet support is not yet live). Notably, this feature qualifies for Hyperliquid’s mainnet-level bug bounty program. For HIP-3 deployers: An asset must first have cross-margin enabled before users can utilize it for cross-margin trading. How it works: Under a unified account, all cross-margin perpetual contracts using the same collateral asset can share margin across multiple DEXs. Assets from different DEXs are protected up to their maintenance margin threshold to prevent automatic liquidation caused by sharp price swings on other DEXs. This “protective cross-margin” system balances system solvency with user experience. Key caveat: Cross-margin is not designed for DEX abstract interfaces, and such interfaces should not support cross-margin usage via abstract trades. Users should use a unified account or portfolio margi

2 minutes ago

An Israeli reservist soldier, in cahoots with a civilian, has been charged with insider trading using classified intelligence on Polymarket

Israeli prosecutors have indicted a reserve soldier and a civilian, charging them with using classified military information to place bets on blockchain-based prediction platform Polymarket, The Block reported on February 13. Prosecutors allege the soldier accessed sensitive operational intelligence through his military position and shared it with the civilian, who then used the information to wager on events tied to military operations on Polymarket. Authorities noted the suspects were arrested in a joint operation.

2 minutes ago