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
US Stock Market's Big Three Indexes Open Lower, Crypto-related Stocks Decline in Sync
April 13 – Per data from Bitget, U.S. stocks opened lower today, with the Dow Jones Industrial Average down 0.5%, the S&P 500 Index falling 0.22%, and the Nasdaq Composite declining 0.26%. Cryptocurrency-related equities also posted synchronized losses:
- Coinbase (COIN): -1.83%
- Circle (CRCL): -0.49%
- MicroStrategy (MSTR): -1.87%
- Gemini (GEMI): -2.38%
- Bit Digital (BTBT): -2.93%
1 minutes ago
Hyperbridge: The vulnerability in this attack event originated from a Merkle Proof verification logic flaw
On April 13, blockchain interoperability protocol Hyperbridge disclosed details of a prior DOT exploit incident that resulted in ~$237,000 in losses.
The vulnerability stemmed from missing input validation in the HandlerV1 contract’s `VerifyProof()` function—specifically, it failed to validate that `leaf_index < leafCount`, allowing the attacker to forge a Merkle proof.
Using this flaw, the attacker gained admin access to the bridged DOT token contract on Ethereum, then minted 10 billion bridged DOT (over 2,800 times the legitimate circulating supply of ~356,000) and cashed out via a decentralized exchange (DEX).
Hyperbridge stated it is collaborating with security partners to trace the funds, and cross-chain functionality will remain suspended until the investigation concludes.
1 minutes ago
Pakistan's Defense Minister: New Round of US-Iran Talks to Begin Soon
April 13 — Pakistani Defense Minister Asif stated in an interview that the prospect of the U.S. and Iran resuming negotiations remains, with a new round of talks set to begin soon.
1 minutes ago
American Bankers Association Warning: Allowing Stablecoin Yield Will Accelerate Deposit Runoff, Devastate Community Bank Lending
April 13: An article in the American Bankers Association (ABA) Banking Journal on April 13 notes that experts—including the ABA’s Chief Economist—argue the White House Council of Economic Advisers (CEA)’s recent payment stablecoin research report raises misleading questions for policymakers.
The CEA report focuses on *how a ban on payment stablecoin issuance would impact bank lending*, concluding the ban would boost bank lending by just ~$1.2 billion with minimal overall effect. But the ABA contends the real policy concern is not the consequences of a “ban,” but the risks of allowing **yield-bearing** payment stablecoins:
- **Accelerated deposit outflows**: Yield incentives would drive households and businesses to shift funds from bank deposits (especially at community banks) to stablecoins—with significant impact if the market grows to $1–$2 trillion. ABA analysis shows Iowa alone could see $4.4 billion–$8.7 billion in reduced loans.
- **Community bank harm**: Deposit outflows
1 minutes ago
Bitcoin mining pool giant Foundry officially launches Zcash mining pool, now commanding nearly one-third of the network's hashrate
On April 13, Fortune reported that Foundry—Bitcoin mining pool giant—has officially launched a mining pool for privacy coin Zcash, a move seen as a major endorsement of the crypto.
Foundry CEO Mike Colyer noted the Zcash pool launch comes as large institutions show growing interest in so-called "privacy coins." The pool has already signed on several institutional clients, with its computing power now making up nearly one-third of Zcash’s total network hashrate.
Zcash currently ranks as the 15th-largest cryptocurrency by market cap, with a valuation of roughly $6.3 billion. Launched in 2016, it uses zero-knowledge proof technology to enable transaction privacy. Unlike competitor Monero, Zcash’s architecture supports selective disclosure—making it more regulatory-compliant and thus more appealing to big institutions like banks.
1 minutes ago
Morgan Stanley: S&P 500 Index Pullback Nearing an End
April 13 — Morgan Stanley has shifted to a cautious bullish stance, saying the market has largely priced in recent risks. Strategist Michael Wilson noted the S&P 500 has rebounded roughly 7% from its lows and held above a key support level, suggesting the retracement may be nearing an end.
1 minutes ago