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 crypto whale closed a 25x ETH short position yesterday, earning $692,000 in profits over five days.

According to monitoring by AI Aunt, the address 0xaea…c2416 previously shorted 9,700 ETH using 25x leverage, with a position value of roughly $22.46 million and an average entry price of $2,311.92. The address opened the short position on October 27, and closed it during ETH’s rebound following a pullback at 18:33 yesterday, with an average exit price of $2,239.5, netting around $692,000 in profit over five days. While holding the position, the short once saw an unrealized profit of $1.337 million. The account’s cumulative profit has now risen to $7.57 million, partially recouping the $916,000 it lost when shorting BTC in mid-October.

10 minutes ago

Iron Fish has announced it will cease network support, after a vulnerability allowed double-spending of the same asset. The project will archive its code repository once the flaw is fixed.

Privacy blockchain project Iron Fish announced it will formally end all remaining support for the Iron Fish network later today, and archive its code repository after fixing the underlying vulnerability. The team said it previously detected abnormal activity involving the wIRON token and ChainPort cross-chain bridge. After collaborating with ChainPort to review logs, the issue was confirmed to stem from an inflation vulnerability in the Iron Fish blockchain itself, with its root cause traced to a code commit in the Merkle Tree implementation from early 2019. A flaw in the nullifier calculation mechanism for transaction notes allowed attackers to double-spend the same asset, then aggregate the related assets and transfer funds out via the ChainPort cross-chain bridge. The team added that this code path had been subject to both internal and external audits, yet the vulnerability remained undetected. Iron Fish has now submitted a vulnerability fix patch and attached a detailed post-mortem analysis report in the relevant pull request (PR), and will subsequently close and archive its code repository. The project also warned that most crypto networks cannot upgrade their code immediately, and are facing growing security risks. As the ability to discover and exploit complex code vulnerabilities becomes more widespread, the security protection pressure on blockchain projects is rising.

10 minutes ago

U.S. spot Bitcoin ETFs recorded net outflows of $643.2 million yesterday.

According to Farside's monitoring, U.S. spot Bitcoin ETFs recorded a net outflow of $643.2 million yesterday, ending four consecutive trading days of net inflows. Over the same period, Ethereum ETFs saw a net outflow of $155.7 million, marking five straight trading days of net outflows.

10 minutes ago

Ethena Deposits 128.63M $ENA ($24M) to Binance Amid Asset Buyback Activity

Binance is buying back the stolen assets through market channels and OTC deals. Over the past 8 hours, Ethena(@ethena) has deposited 128.63M $ENA ($24M) into #Binance.

10 minutes ago

S&P cuts Meta's rating outlook to negative, projecting the company will rely on debt issuance to cover its cash flow gap by 2028.

S&P Global Ratings has revised Meta’s credit rating outlook from stable to negative, citing rising uncertainty driven by the company’s high capital expenditures. The rating agency said it projects Meta will rely solely on debt financing by 2028 to cover its projected free operating cash flow (FOCF) shortfall. The outlook adjustment reflects market concerns that Meta’s expanding capital outlays—especially investments in AI infrastructure—could pressure its cash flow and financial health.

10 minutes ago

Whales dump $82.09M $HYPE, pocket $26.5M in combined profits

Whales are dumping $HYPE! Wallet 0x2685 sold 912,383 $HYPE ($82.09M) 6 hours ago, which it bought a month ago, making over $10M in profit. Wallet 0x648F sold 296,705 $HYPE ($26.72M) 8 hours ago, which it bought 11 months ago, making $16.5M in profit.

10 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano