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

Musk Claims $13.4B “Unjust Enrichment” from OpenAI and Microsoft

On January 18, a federal judge in California ruled against OpenAI and Microsoft’s motion to dismiss Elon Musk’s lawsuit, clearing the way for a jury trial in April, per U.S. News. Musk’s legal team recently formally sought $134 billion in “unjust enrichment” damages, with expert calculations pegging OpenAI’s alleged unjust enrichment at $655 billion to $1.094 trillion and Microsoft’s at $13 billion to $25.1 billion—totaling roughly $790 billion to $1.34 trillion. Financial economist C. Paul Wazzan has been retained as an expert witness to verify the staggering figures. When Musk co-founded OpenAI in 2015, he provided ~$38 million in seed funding, accounting for 60% of the early seed round. He also claims to have contributed his personal reputation, key connections, and experience scaling companies, asserting “without Musk, there would be no OpenAI.” OpenAI has since transitioned to a for-profit entity valued at around $500 billion, and Musk argues he is owed proportional compensa

17 minutes ago

Cryptocurrency Market Sentiment Remains 'Neutral' Despite Substantial Recovery From Previous Lows

As of January 18, alternative data shows the cryptocurrency Fear & Greed Index stands at 49 today — down from 50 yesterday — keeping market sentiment in "Neutral" territory. This marks a full recovery in crypto community sentiment, compared to last week’s average of 29 (indicating "Fear") and last month’s average of 16 (indicating "Extreme Fear"). Note: The Fear & Greed Index ranges from 0 to 100, with the following weighted indicators: Volatility (25%), Market Trading Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin’s Market Dominance (10%), and Google Trends Analysis (10%).

17 minutes ago

In the past week, the number of active Solana addresses reached 27.1 million, a week-over-week increase of 56%.

Per Nansen data, Solana network active addresses hit 27 million over the past week—up 56% from the prior period—with 515 million transactions, leading the pack in both metrics. BNB Chain and Tron trailed closely behind.

17 minutes ago

BAGS Ecosystem Token Faces Widespread Drop, RALPH and GAS Both Down Over 35%

As of January 18th, data from GMGN (link: https://t.me/gmgnaibot?start=i_m4TE56o8) shows widespread declines among popular tokens in the BAGS ecosystem, including: - RALPH: Current market cap $25.4 million, 24-hour drop of 35.89% - GAS: Current market cap $15.8 million, 24-hour drop of 44.5% - LORIA: Current market cap $1.9 million, 24-hour drop of 18.6% - CMEM: Current market cap $1.6 million, 24-hour drop of 52.87% - ORY: Current market cap $1.45 million, 24-hour drop of 27.45% BlockBeats notes that many meme coins lack real-world use cases, exhibit extreme price volatility, and advises caution in investing.

17 minutes ago

OKX Star: OKX Web3 Launches New Trader Model Smart Account

BlockBeats reported on Jan. 18 that OKX CEO Star announced the launch of Smart Account—a new trader mode for OKX Web3—aimed at helping users engage in on-chain trading more efficiently and intelligently. The Smart Account integrates key features like Scanner and Tracker, enabling users to spot trading opportunities, track top traders, and manage their trading strategies in real time.

17 minutes ago

Democratic Efforts to Block Trump's Greenland Tariffs to European Nations

January 18th — According to Bloomberg, Senate Democrats are set to introduce legislation aimed at blocking former President Donald Trump from imposing tariffs on European nations that oppose the U.S. annexation of Greenland. Earlier, Senate Minority Leader Chuck Schumer criticized the proposed tariff move, arguing it would harm the U.S. economy and strain relationships with key allies. Earlier today, Trump posted on Truth Social with the following tariff announcements: - Effective February 1st, a 10% tariff will be levied on all goods exported to the U.S. from Denmark (which oversees Greenland), Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland, citing the Greenland issue. - The tariff rate will rise to 25% on June 1st. - Tariffs will remain in place until an agreement is reached on the “complete purchase of Greenland.”

17 minutes ago