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
Coinbase to List Lighter (LIT) Perpetual Contract Trading
On January 16, Coinbase will list perpetual contract trading for Lighter (LIT). Its LIT-PERP market will launch at or after 18:30 UTC, subject to meeting liquidity conditions and availability in supported trading regions.
18 minutes ago
Goldman Sachs CEO Praises Prediction Markets, Plans to Enter Real-World Asset Trading
January 16 — Goldman Sachs is exploring opportunities in prediction markets, looking to capitalize on the fast-growing space focused on wagering on real-world outcomes. The firm’s CEO, Solomon, described prediction markets as “very interesting” and noted he personally met with the heads of the two biggest prediction market firms in the space over the past two weeks.
“We have a team here in touch with them and conducting research,” Solomon stated during Thursday’s analyst conference call, which followed the bank’s release of fourth-quarter earnings. The entry of this mainstream Wall Street institution into prediction markets could boost the legitimacy and trading volume of this loosely regulated yet booming financial niche. Several market maker firms have already entered the space. (Jinse)
18 minutes ago
KAITO will gradually discontinue YAPS and the Incentivized Leaderboard, and launch KAITO Studio
On January 16th, Kaito founder Yu Hu posted on X, announcing that KAITO will phase out YAPS and incentive-based rankings while launching KAITO Studio. KAITO Studio will function more like a traditional tiered marketing platform, where brands will selectively partner with creators based on predefined criteria and a clear project scope.
18 minutes ago
WSJ: Banks Protest High-Yield Token, Crypto Regulatory Battle Continues to Simmer in Washington
January 16 — Per The Wall Street Journal, the crypto industry and U.S. banking sector are locked in a fierce lobbying fight over yield-bearing digital tokens, a clash that threatens to derail legislative efforts to integrate cryptocurrencies into the mainstream financial system. At issue is what crypto firms call “yield” — regular interest payments tied to a holder’s stake, a mechanism common in stablecoins.
From the banking side, offerings like Coinbase’s ~3.5% yield on stablecoins are viewed as analogous to high-yield deposits, but without the strict regulatory rules banks face when accepting public funds. Banking groups have sent multiple letters to lawmakers warning yield-bearing stablecoins could devastate U.S. small and midsize banks. By contrast, the current national average interest rate for U.S. interest-bearing checking accounts remains below 0.1%. This debate was among the reasons the Senate Banking Committee delayed a vote on its crypto market structure bill, originally
18 minutes ago
KAITO Short-Term Price Drops Over 13%, Currently Trading at $0.595
As of January 15, per HTX market data, KAITO temporarily dropped more than 13%—likely driven by reports that X is revising its API policy to revoke access for users posting applications on the platform and eliminate associated rewards. The token is currently trading at $0.595.
18 minutes ago
X is revising its API policy, revoking the reward for users posting on X to access the API
On January 15, X Product Lead and Solana Ecosystem Advisor Nikita Bier said:
“We’re updating our developer API policy—we will no longer allow apps that reward users for posting on X (also called ‘InfoFi’). This practice has already led to a ton of low-quality AI content and reply-chain spam on the platform.”
“We’ve revoked API access for these apps, so your X experience will improve quickly (once bots realize there’s no more money to be made from posting).”
“If your developer account was terminated as a result, please reach out to us—we’ll help you migrate your business to Threads and Bluesky.”
18 minutes ago