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

Zerion-incubated L2 network Zero Network has relaunched and fully resumed operations

On January 18, Zero Network— the Layer 2 network incubated by Web3 wallet firm Zerion— announced its relaunch, confirming it is fully operational again. Zero Network noted user funds remain secure, with support from Caldera and ZKsync for the recovery process. Earlier reports stated the network went offline for over three weeks starting January 8. At the time, Zero Network said it was collaborating with Caldera and ZKsync to quickly resume block production, targeting a mid-January relaunch to safeguard user funds.

4 hours ago

Meteora's protocol revenue in the last 24 hours has surpassed Pump.fun.

Jan. 18 — Per Defillama data, Meteora posted $1.33 million in 24-hour revenue, topping Pump.fun’s $1.16 million for the same window. It trails only Tether ($16.45M) and Circle ($6.6M) in the ranking.

4 hours ago

Arthur Hayes received $97,500 worth of ETHFI from Anchorage Digital

Arthur Hayes received 132,700 ETHFI from Anchorage Digital on January 18, per Onchain Lens monitoring—valued at $97,500.

4 hours ago

Wagyu Founder Launches Personal Meme Coin FROG: Has Spent $200,000 Buying 95% of Total Supply, Not Related to Platform Token FWOG

On January 18th, @PerpetualCow—founder of Wagyu and Fwog.fun—posted a tweet detailing their new meme coin FROG: - Spent $200k to acquire 95% of FROG’s total supply; **will never sell these tokens** (may use for giveaways or continue accumulating in larger amounts later). - Frames FROG as Fwog’s mascot and marketing tool; pledges to ensure strong performance. - Publicly teases Fwog’s price mechanism: FROG will rise over time, not crash to zero like typical meme coins. - Goal: Build Fwog into a multi-billion-dollar giant to surpass Pump. **Disclaimer**: FROG is unrelated to Fwog.fun’s unlaunched platform token FWOG. Users can already earn points, which will convert to FWOG once it goes live—no launch delays to charge fees, per the founder. Per GMGN data: FROG has a $102M market cap, with $6.5M in trading volume in its first 2 hours.

4 hours ago

US Stock Market Closed Tomorrow, Early Closure for Gold, Silver, and Oil Trading

January 18th The U.S. stock market will be closed on January 19 in observance of Martin Luther King Jr. Day. On January 20: - Trading in CME precious metals and U.S. crude oil futures closes early at 03:30 Beijing time. - Trading in U.S. Treasury and stock index futures closes early at 02:00 Beijing time. - ICE and CBOT agricultural products markets are closed for the day.

4 hours ago

U.S. Treasury Secretary Yellen: Trump Committed to Preserving Fed's Independence

On January 18, U.S. Treasury Secretary Janet Yellen stated: "Former President Trump is committed to upholding the Federal Reserve’s independence. We have four exceptional candidates for Fed Chair, and I believe the Senate would be satisfied with any of them being confirmed." (Source: FXStreet)

4 hours ago