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

「$10M Profit Whale」 Suspected of Accumulating 6000 ETH in a Transaction, with an Average Price of $1582

On April 18th, based on the monitoring of @ai_9684xtpa, after six months, it is alleged that the "Whale" who once made a profit of $12.78 million through ETH accumulated 6,000 ETH three hours ago, which is worth $9.49 million. The ETH was mostly withdrawn from Kraken, and the accumulation cost was approximately $1,582 per ETH.

11 minutes ago

Binance's latest Launchpool has received over 18.4 million BNB

On April 18th, based on official information, the Binance Launchpool 68th phase Launchpool project Initia (INIT) pool has currently received more than 18.4 million BNB, 2.291 billion USDC, and 555 million FDUSD. This round of Launchpool commenced at 8:00 a.m. today and will conclude at 8:00 a.m. on the 24th.

11 minutes ago

JPMorgan Chase Wealth Management: Trump “Very Eager” to Dismiss Powell and Cut Interest Rates

On April 18th, Kathy Jones, the Chief Fixed Income Strategist at the Charles Schwab Center for Financial Research, indicated that investors should not ignore the potential for Trump to follow through on his threat to dismiss Powell. She remarked, "He is extremely eager to fire Powell and reduce interest rates, and this is very evident." Although Powell reaffirmed on Wednesday that current law safeguards Federal Reserve members from being dismissed by the White House for political reasons, an upcoming Supreme Court ruling is likely to make it simpler for Trump to do so. Analysts led by Krishna Guha at Evercore ISI cautioned that the ruling in the Trump v. Wilko case might enhance the president's authority, enabling the dismissal of institutions that were previously regarded as immune to political influence, thereby weakening the independence of the Fed and other government agencies. (FX678)

11 minutes ago

Huobi HTX has launched AERGO perpetual contracts and kicked off a contract trading party.

On April 18th, according to an official announcement, Huobi HTX launched the AERGO/USDT perpetual contract on April 18th, and the maximum leverage is 20x. Meanwhile, Huobi HTX is hosting the AERGO Contract Trading Party from 3:00 PM on April 18th to 3:00 PM on April 25th (UTC+8), with a total prize pool of up to $10,000. The event includes: 1. New User Benefits: Users who have never conducted contract trading and complete AERGO/USDT contract trading, with a cumulative trading volume ≥100 USDT, can receive an equivalent of 3 USDT in $HTX (a total of 3,000 USDT equivalent in $HTX in the prize pool); 2. Trading Party: Users participating in AERGO/USDT contract trading with a cumulative effective trading volume of ≥10,000 USDT can share an equivalent of $7,000 USDT in $HTX based on their trading volume ranking.

11 minutes ago

Trump Suggests Tariff Hike or End: "I Don't Want Tariffs to Keep Rising"

April 18th. On Thursday in local time, US President Donald Trump stated that the continuously escalating tariffs between the US and China may soon come to a halt. When speaking at the White House regarding the tariff issue, Trump said, "I don't wish to keep raising tariffs because at a certain moment, people will stop buying." Possibly due to this news, international oil prices surged by nearly 3% yesterday, and copper prices also rebounded significantly. This morning, the Asia-Pacific stock markets responded positively, with notable gains in the Japanese, South Korean, and Australian stock markets. (Wall Street Journal)

11 minutes ago

Report: Rug Pull Incidents in the Crypto Space Have Decreased, but Their Impact Has Grown

On April 18th, according to a report by Cointelegraph. Based on the latest report from the blockchain analytics platform DappRadar, there were 21 "Rug Pull" incidents in the early part of 2024. In contrast, there were only 7 incidents from 2025 to the present. This indicates a declining frequency year by year. However, since the early 2025, the Web3 ecosystem has lost nearly $6 billion due to such incidents. 92% of this loss was attributed to the collapse of Mantra's OM token (the token's founder denies this was a "Rug Pull"). In contrast, the total loss from "Rug Pull" incidents in the same period of 2024 was $90 million. DappRadar analyst Sara Gherghelas pointed out that although the frequency of such incidents has decreased, their destructiveness has increased. Scams are becoming more sophisticated and are often orchestrated by professional teams. The nature of these incidents is also evolving. Many incidents in the first quarter of 2024 originated from DeFi protocols, NFT projects

11 minutes ago