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

SBF had previously invested $200,000 for a 5% stake in Cursor, which would now be worth around $3 billion if not sold.

**SpaceX Teams Up with AI Coding Tool Cursor for Next-Gen Work AI; $60B Acquisition Option, $10B Fallback Term** Cursor, the AI programming platform built by startup Anysphere, closed a $400,000 Pre-Seed funding round in April 2022, with investors including Alameda Research and Heroic Ventures. Alameda put in $200,000 for an approximate 5% stake in Anysphere. Per FTX’s bankruptcy filing, the FTX bankruptcy trustee sold Alameda’s Anysphere stake for $200,000 in April 2023. Today, SpaceX announced a partnership with Cursor to co-develop next-generation AI for coding and knowledge work. Key terms: Cursor grants SpaceX an option to acquire the company for $60 billion later this year; if SpaceX declines the option, it will pay a $10 billion collaboration fee. With Cursor now valued at $600 billion, the equity previously sold by the FTX trustee is estimated to be worth around $3 billion.

4 minutes ago

Current mainstream CEX and DEX funding rates indicate that market sentiment for short positions remains high

April 22nd: Bitcoin has surged above $77,000, according to Coinglass data. Current funding rates across mainstream centralized (CEX) and decentralized (DEX) exchanges point to an overall bearish market, with specific rates detailed in the attached chart. BlockBeats Note: Funding rates are fees set by crypto exchanges to align contract prices with the underlying asset’s value—typically applied to perpetual contracts. The rate facilitates fund transfers between long and short traders; exchanges do not collect this fee directly. It adjusts the cost or profit for traders holding contracts to keep contract prices close to the underlying asset’s price. Rate Benchmarks: - A 0.01% rate is the baseline. - Rates above 0.01% signal a generally bullish market. - Rates below 0.005% indicate a generally bearish market.

4 minutes ago

The whale that shorted BTC since the beginning of the month is now facing a unrealized loss of over $9 million, making it the largest on-chain BTC short position.

April 22 — Per data from HyperInsight Monitor (via its Telegram channel), a whale address tied to Band Protocol (labeled "pension-usdt.eth" — 0x0ddf9bae2af4b874b96d287a5ad42eb47138a902) has been in the red since opening a BTC short position earlier this month. Amid today’s market rally, that BTC short has posted a $9 million loss. The address has not closed any positions since initiating them, currently holding a $77.14 million BTC short and a $47.15 million ETH short. This makes it the largest simultaneous BTC and ETH short positions on Hyperliquid, with total losses topping $13 million. Full address: 0x0ddf9bae2af4b874b96d287a5ad42eb47138a902

4 minutes ago

Hyperliquid will launch the CHIP contract, offering up to 3x leverage

April 22 — Hyperliquid is set to launch perpetual contracts for USDAI (CHIP) with up to 3x leverage, per official sources.

4 minutes ago

Trump's Fickle Remarks Lead to Stock Market Turmoil as Middle East Tensions Rise

April 22 — Al Jazeera’s Alan Fisher notes Trump has been inconsistent on ceasefire stances and whether to take military action, a development poorly received by markets. All major U.S. stock indices closed lower amid concerns over Middle East uncertainty. However, some argue Trump’s approach is deliberate — a trait not often linked to the typically impulsive, reactive former president. Markets are now waiting for Iran’s response, per FXStreet.

4 minutes ago

Meme Coin MAGA Reaches All-Time High Market Cap of $25 million, Surging 200% in 24 Hours

April 22 — Per GMGN monitoring (link: https://gmgn.ai/sol/token/i_m4TE56o8_Hon2rHAiqkcDtUzL5gA2vjXPr7T1MPCK2UT2AHKCpump), Solana-based meme coin MAGA (Make Aliens Great Again) has continued to surge, hitting a new all-time high market cap of $25 million. It currently trades with a market cap of ~$19 million, posting a 200% 24-hour price surge and ~$8.9 million in trading volume. Since April 17, when former President Trump publicly announced plans to release government files on UFOs, UAPs, and potential extraterrestrial life, the related narrative has gained momentum—pushing MAGA’s market cap from under $50,000. BlockBeats notes that meme coin trading carries high volatility, is often driven by market sentiment and speculative trends, and lacks real-world value or use cases. Investors should exercise caution and be aware of the associated risks.

4 minutes ago