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
White House: Trump to Speak at Cryptocurrency Conference on Saturday
April 24 — The White House announced that former President Donald Trump will speak at a cryptocurrency conference in Florida this Saturday.
Earlier reports noted Trump will host a grand luncheon for TRUMP token holders, with 18 “superstars” joining him. The top 297 holders will be invited to the April 25 luncheon at Mar-a-Lago, while the top 29 will get access to a special VIP reception and champagne toast with Trump.
9 minutes ago
Balancer Hacker Swaps 1,100 ETH for BTC
April 24: LookOnChain monitoring data shows the Balancer attacker has resurfaced after a 5-month lull. The attacker previously stole nearly $1.2 billion and is now laundering funds by swapping ETH for BTC via THORChain.
In the past hour, the attacker transferred 1,100 ETH (≈$2.55 million) and is in the process of converting it to BTC.
9 minutes ago
A certain whale liquidated its BTC and ETH long positions to break even, with the total size reaching $36 million previously.
April 24 — Per data from HyperInsight Monitoring, the "Silver IronHead Airforce" whale address briefly went long early this morning, opening BTC long positions totaling 223.9 coins (~$17.5M) and ETH long positions totaling 8,102.3 coins (~$18.8M), for a combined position size of ~$36M.
Within the past 30 minutes, the address has fully closed out both positions. The average exit price for BTC was $78,277, and for ETH was $2,326, resulting in a net loss of $24k.
Address: 0x61ceef212ff4a86933c69fb6aca2fe35d8f2a62b
9 minutes ago
Meme Coin FLORK Market Cap Surges 80% in 1 Hour, Reaching New High of $15 Million
April 24 — According to GMGN monitoring (via the link: https://t.me/gmgnaibot?start=i_m4TE56o8), on-chain meme coin FLORK surged 80% in one hour, peaking with a market cap jump of over $15 million. It hit a new all-time high of approximately $12.7 million, posting an 110% 24-hour gain and $11.2 million in trading volume over the same period.
BlockBeats reminds users that meme coins are extremely volatile, primarily driven by market sentiment and hype, with no underlying value or practical use cases. Investors are advised to be mindful of the associated risks.
9 minutes ago
KelpDAO Hacker Completes 'Coin Mixing', Moves Nearly 2000 BTC; Balancer Attacker Resurfaces After 5 Months
April 24 — Per PeckShield monitoring, the KelpDAO attacker has moved all funds from Ethereum to Bitcoin’s network, primarily via THORChain. The total amounts to roughly 1,979 BTC, with the funds largely laundered.
Meanwhile, the Balancer attacker—silent for five months—has resurfaced. It has begun cross-chain transfers of roughly $700,000 worth of ETH to BTC via THORChain, entering the money laundering phase.
9 minutes ago
Trump 'Playing' the Stock Market: Policy Drives All Ups and Downs, Most Powerful Market Influence in 40 Years
April 24: Following Donald Trump’s return to the White House, his impact on markets hit an unprecedented high. Data from Fundstrat shows all five of the U.S. stock market’s largest single-day gains and losses since January 2025 have been directly tied to his policies—marking the first time in nearly 40 years a single president has dominated extreme market volatility.
Structurally, those gains stem primarily from technical rebounds following policy shocks: excluding those five strongest up days, the S&P 500 would have posted a 2.7% loss since his inauguration, instead of the 18.5% gain it currently reflects. Losses, meanwhile, were heavily concentrated around tariff policy moves.
Analysts note Trump’s frequent policy shifts—escalation, relaxation, flip-flopping—coupled with real-time signals on social media, have pushed traders to base strategies on guessing the president’s next move, sharply eroding the traditional macroeconomic framework.
9 minutes ago