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

Japanese and South Korean Stock Indices Open Lower, Nikkei 225 Index Down 1.48%

Bitget data shows Japanese and South Korean stock indices opened lower on Friday, March 13. - The Nikkei 225 Index fell 803.20 points at the open, a 1.48% drop, to 53,649.76. - South Korea’s KOSPI Index opened 181.85 points lower, a 3.26% decline, to 5,401.4. ### Notes on U.S. language habits: 1. **Conciseness**: Removed redundant phrases (e.g., repeated "opened on Friday, March 13" → used "that day" implicitly, shortened "points" to avoid repetition where clear). 2. **Number formatting**: Added U.S. standard commas for thousands (53,649.76 vs. 53649.76; 5,401.4 vs. 5401.4). 3. **Active voice**: Used "fell 803.20 points at the open" instead of passive phrasing for clarity. 4. **Terminology**: Kept industry-standard names (Nikkei 225, KOSPI Index) and avoided overly formal wording. 5. **Date style**: Used "March 13" (common in U.S. news) instead of "March 13th".

7 minutes ago

Trump Urges Rate Cut Again: Cut Rates Now, Don't Wait Until Next Meeting

March 13: This morning, Trump criticized Jerome "Too Late" Powell, stating: "Where is Jerome 'Too Late' Powell today? He should have cut rates this morning instead of waiting until the next meeting."

7 minutes ago

U.S. Treasury Secretary: U.S. Navy to Escort Tankers Through the Strait of Hormuz

On March 13, U.S. Treasury Secretary Janet Yellen announced the U.S. Navy will escort oil tankers through the Strait of Hormuz. On Thursday, Iranian President Ebrahim Raisi stated he intends to effectively use this strategic waterway—through which 20% of the world’s oil supply flows—as a bargaining chip against the U.S. and Israel. Yellen responded: “I believe the U.S. Navy—possibly alongside an international coalition—will immediately begin escorting ships as long as military conditions allow. In fact, tankers are still transiting the strait, including Iranian ones. So we know they haven’t blocked it.”

7 minutes ago

Coinbase to Add Billions (BILL) to Its Listing Roadmap

On March 13, Coinbase announced in an official statement that Billions (BILL) will be added to its listing roadmap. The token’s trading launch date will be released separately once listing requirements are met.

7 minutes ago

U.S. Customs and Border Protection is developing a Duty Refund System

On March 13, court documents reveal that U.S. Customs and Border Protection (CBP) is developing a four-component tariff refund system, with each component 40% to 80% complete.

7 minutes ago

Crypto Market Trades Sideways, US Stock Cryptocurrency Plays Fall Across the Board, Binance Japan Major Shareholder PayPay's IPO Surges 13.5% on First Day

On March 13, HTX market data shows the crypto market was little changed overnight. As of now, Bitcoin trades at $70,500 and Ethereum at $2,080. Total crypto market capitalization stands at $2.482 trillion, up 0.6% over the past 24 hours. Leading altcoins by 24-hour price movement: - TRUBO: +35.12% to $0.00126 - ENSO: +17.3% to $1.30 - GTC: +14.5% to $0.108 - 1000SATS: +13.4% to $0.000013 - RENDER: +10.5% to $1.70 - PIXEL: -29.3% to $0.0100 - ACX: -19.3% to $0.049 - HUMA: -18.3% to $0.0163 - SXP: -16.7% to $0.0167 Bitget data indicates major U.S. stock indexes closed lower: the Dow Jones Industrial Average fell 1.56%, the S&P 500 dropped 1.52%, and the Nasdaq Composite declined 1.78%. SoftBank-backed PayPay—Japan’s largest cashless payment provider—officially listed on Nasdaq. On its debut, the stock jumped 13.5% from its $16 IPO price to close at $18.16, valuing the company at $12.142 billion. PayPay holds a 40% stake in Binance Japan. Crypto-related U.S.

7 minutes ago