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

A trader went long on ETH with 20x leverage, currently holding an unrealized profit of over $1 million.

Per Lookonchain’s monitoring, trader 0xd9A2 opened a 20x leveraged long position on 2,900 ETH via Aster DEX, with the position valued at roughly $7.97 million. The position’s unrealized profit has now exceeded $1 million, delivering a 251.68% return.

7 minutes ago

ZachXBT questions whether UPay may allow Xinbi to white-label Visa crypto cards.

Renowned on-chain detective ZachXBT published a post, questioning whether UPay might allow sanctioned illegal marketplace Xinbi to white-label its Visa crypto cards, and demanding UPay provide an explanation on the matter. ZachXBT stated that Xinbi is primarily involved in activities including pig butchering scams, fraud, money laundering, and human trafficking.

7 minutes ago

PYTH Network: Financial data is shifting from human-facing to AI and machine-oriented.

PYTH Network officially stated that the main consumers of next-generation financial data will gradually shift from humans to APIs, algorithms, and AI systems. Market data needs to feature structuredness, standardization, low latency, and accessibility via programmable interfaces. Its business focus not only includes providing real-time market data through APIs, but also covers perpetual indices and data markets, offering directly callable data infrastructure for trading systems, AI applications, financial institutions, and autonomous financial applications. PYTH also emphasized that token economics cannot replace real business; the network should first create tangible value through products such as market data, indices, and data markets, before aligning token economics with network activities and participant incentives. Its long-term goal is to become the market data layer in a software-driven financial system, further expanding asset coverage, institutional datasets, and support for AI and autonomous applications.

7 minutes ago

Trader 0xd9A2 opened a 20x long on 2,900 $ETH($7.97M) on @Aster_DEX and is now sitting on over $1M in unrealized profit, with a 251.68% return.

Trader 0xd9A2 opened a 20x long on 2,900 $ETH($7.97M) on @Aster_DEX and is now sitting on over $1M in unrealized profit, with a 251.68% return.

7 minutes ago

Trader 0xd9A2 opens 20x long on 2,900 $ETH, now up $1M with 251.68% return

Trader 0xd9A2 opened a 20x long on 2,900 $ETH($7.97M) on @Aster_DEX and is now sitting on over $1M in unrealized profit, with a 251.68% return.

7 minutes ago

South Korean crypto exchanges Upbit and Bithumb announced today that they have removed the "transaction precaution" tag for SAND.

According to announcements from South Korean crypto exchanges, both Upbit and Bithumb announced today that they have removed the "Transaction Notice" label for SAND. SAND was added to the transaction notice list on the two platforms on August 24 due to a prior security incident. Following this, Upbit and Bithumb reviewed the incident explanation and follow-up response measures submitted by the project team, and determined that the reasons for the original transaction notice designation have been eliminated, thus lifting the relevant transaction notice status. Per HTX market data, SAND is currently priced at $0.067777, with a 24-hour gain of 53.52% and a 24-hour high of $0.073469.

7 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano