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

OpenAI CFO: Data center investments will not change due to midterm elections.

OpenAI Chief Financial Officer Sarah Friar told CNBC in an interview Friday that the company will not adjust its AI infrastructure investment plans in light of the U.S. midterm election results. It will continue partnering with major hyperscale cloud providers and use financing to meet demand from its AI clients. Friar noted the election results will not significantly alter the company’s operations, adding that as data centers gain greater public attention, OpenAI will continue enhancing communication with local communities to build trust. Of the 41 local data center-related ballot measures across 10 states in the midterm elections, only one failed to support construction restrictions or oppose development support, with voters’ primary concerns being that data centers drive up electricity costs, harm the environment, and negatively impact employment. Friar also revealed that OpenAI confidentially submitted an initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) in June, is targeting a 2027 IPO, and is negotiating a new funding round at a $1.25 trillion pre-money valuation. She emphasized that demand for AI is real and growing continuously.

4 hours ago

Coinbase will list Collector Crypt (CARD) spot trading.

According to an official announcement, Coinbase has announced that spot trading for Collector Crypt (CARD) will launch on November 6, 2026 (local time). Should liquidity conditions be met, the CARD-USD trading pair will open for trading later today in eligible regions. Coinbase further noted that the asset’s native name is CARDS, but its trading code will be listed as CARD on Coinbase’s official website and iOS/Android apps.

4 hours ago

Bitcoin rebounds to break through $76,000.

According to HTX market data, Bitcoin has rebounded to break through the $76,000 mark, with a 0.71% decline in the past 24 hours.

4 hours ago

Nubank suspends cryptocurrency deposits and withdrawals in Brazil, citing issues with external service providers.

According to Bloomberg, Brazil-based digital bank Nubank has temporarily suspended cryptocurrency deposit and withdrawal services in its home market due to an issue with an external service provider. In a Friday statement, the company noted that all assets and customer information remain protected, the problem is unrelated to its own infrastructure, and will not compromise client security. Nubank did not name the external partner, adding that other crypto products on its platform are operating normally. The firm has roughly 120 million customers in Brazil, but did not specify the number of clients affected by the suspension. Separately, Binance has been gradually resuming withdrawal services for some assets following a $6.3 billion hack incident. Brazil’s Mercado Bitcoin also announced earlier this week that it will cover the $40 million in losses stemming from a hack attack.

4 hours ago

The "Big Short" Michael Burry updated his holdings: reduced his put options on semiconductor ETFs by 25%, while continuing to hold put options on Palantir, Oracle, and other assets.

Michael Burry, the real-life prototype of *The Big Short*, revealed his latest personal portfolio adjustments via his Substack account. He continues to hold put options on Palantir (PLTR), Caterpillar (CAT), QQQ, and Oracle (ORCL). Burry sold 25% of his semiconductor ETF (SMH) put options, noting that the position remains "very large" after the reduction. Meanwhile, he boosted his holdings of MercadoLibre (MELI) by 50%, disclosing he purchased the stake when the price was below $1,500.

4 hours ago

Galaxy's Head of Research: Democratic election victory alters the crypto policy landscape, key legislation expected to see little substantive progress.

Galaxy Research Head Alex Thorn wrote in a post that after the Democrats secured control of both chambers of the U.S. Congress, major progress on key digital asset legislation remains unlikely. Congressional committee leadership will also shift. Elizabeth Warren is poised to take the helm of the Senate Banking Committee, while Maxine Waters is expected to retake control of the House Financial Services Committee. Multiple Republican lawmakers who back the crypto industry lost their races, but the pro-crypto camp did not suffer a full defeat. Stand With Crypto data shows 19 pro-crypto senators and 226 pro-crypto representatives have been elected. Molly White’s tracking indicates that in 12 competitive elections, candidates supported by crypto and AI political action committees lost 9, but all prevailed in the 40 safer races. Reports note House Democrats are discussing expanding Waters’ previously proposed Crypto Investor Consumer Rights Act into a broader crypto market structure bill. Still, Thorn reaffirmed he does not expect Congress to make substantial progress on key digital asset legislation. With no new legislation forthcoming, the SEC, CFTC, and banking regulators have already clarified crypto rules under their existing statutory authority, and the Trump administration has two more years to continue advancing related efforts.

4 hours ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano