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

HYPE Surges Above $70 in a Short Time, Hits New All-Time High

May 31, per HTX market data, HYPE briefly surged above $70, currently trading at $69.845 with a 6.4% 24-hour gain, notching another all-time high.

8 minutes ago

「Stock Market Guru」 Trump Strikes Again: Predicts IBM's Rise in December, Government's $1 Billion Investment in May Boosts Stock Price

**May 31 Update: Resurfaced Trump Video Praising IBM Tied to Recent Stock Surge** A viral video clip of former President Donald Trump lauding IBM CEO Arvind Krishna during a December White House roundtable is back in the spotlight, fueled by the tech giant’s massive recent win. In the old footage, Trump noted IBM’s stock had climbed from a low point and predicted it would “go even higher”—a projection that’s looking timely now: on May 21, IBM landed a $1 billion U.S. Department of Commerce grant under the CHIPS Act to build a quantum chip factory, news that pushed its shares up roughly 17.7% over the past week, bringing them near their all-time high. Adding a new layer: The Trump Trust quietly bought a small IBM stake on March 21, per newly released 2026 first-quarter U.S. Office of Government Ethics (OGE) Form 278-T financial disclosures. The transaction was modest, with shares purchased for an amount between $15,001 and $50,000, the filing shows.

8 minutes ago

Trump Reveals Perfect IQ Test Score, Calls It "Rare Achievement"

On May 31, former President Trump took to Truth Social to announce the results of his latest medical exam at Walter Reed National Military Medical Center, describing them as "very ideal." Unlike other presidents who have never completed any approved, high-difficulty cognitive assessments, Trump claimed he scored a perfect 30 out of 30, earning a classification of "very high intelligence." Trump added this was his fourth time taking the specific cognitive test, noting he has secured a perfect score every time by correctly answering all 120 questions. He called achieving this perfect score four times in a row "truly rare" and advocated that all candidates running for president and vice president be required to undergo more rigorous cognitive tests.

8 minutes ago

Viewpoint: Bitcoin Shows Buy Signal, Could Rise to $75,000

On May 31, crypto analyst Alicharts reported that Bitcoin’s 12-hour chart has flashed a TD Sequential buy signal, suggesting the cryptocurrency could rebound to $75,000. The TD Sequential is a momentum indicator created by Tom DeMark to flag oversold reversal points. However, its signals aren’t guaranteed—they require confirmation from factors including volume analysis, ETF fund flows, and macroeconomic conditions. Right now, Bitcoin is trading in the $73,000 to $74,000 range.

8 minutes ago

The Iranian Revolutionary Guard Corps Shot Down a US Drone This Morning

On May 31, Iran’s Islamic Revolutionary Guard Corps (IRGC) announced via state-run media that it shot down a U.S. MQ-1 drone earlier that day inside Iran’s territorial waters and airspace. The IRGC said the unmanned aircraft was detected by its air defense systems and destroyed by a missile, alleging the drone was "intending to carry out a hostile act." The report came from Iran’s Fars News Agency.

8 minutes ago

Trump: U.S. to Intervene with "War Department" If No Agreement is Reached Between the U.S. and Iran

May 31 – U.S. President Donald Trump said in a Fox News interview aired on the evening of May 30 local time that the U.S. and Iran are close to reaching a "very good agreement," adding that a "better deal" should come together more quickly. However, Trump warned that if no such deal is reached, he will order the so-called "Department of War" – a reference to the U.S. Department of Defense – to step in. "If I don't get what I want, we will end it in another way," he stated. Trump also noted that a signed agreement would secure navigation through the Strait of Hormuz and prevent Iran from developing nuclear weapons, among other goals. When discussing his timeline for the Iran deal, he emphasized he is not in a rush. "If you're in a hurry, you won't be able to reach a good agreement," he said. Source: CCTV News.

8 minutes ago