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4E: US stocks and crypto markets recover, focusing on US February PCE price index this week
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2025-03-24 12:03 3,292
According to 4E monitoring, last week's dovish remarks and Trump's statements on the reciprocal tariff plan have been reinforcing confidence in the US stock market. After significant fluctuations, the weekly lines closed up collectively: the Dow Jones Industrial Average rose 1.2%, the largest weekly increase in more than two months; the S&P 500 rose 0.51%, ending the four-week decline; the Nasdaq rose slightly by 0.17%, stopping the previous four consecutive declines. However, large technology stocks generally closed down on the weekly basis, with Nvidia falling 3.26%, and Tesla falling 0.53%, down nine consecutive weeks. The crypto market trend fluctuated but overall rose moderately. Bitcoin rebounded after dipping around $81,000 on Tuesday, and surged above $87,000 on Thursday, hitting a half-month high, and then basically fluctuated in the $84,000 range. This morning, another rapid rise was seen, with the deadline of $85,721, up 3.18% in the past seven days. Most of the other mainstream tokens have shown a slight increase, Ethereum strives to stand firm at $2,000, and the trend of memes on the BNB chain continues to attract attention. Signs of market recovery are gradually emerging, and investor sentiment has improved. In terms of foreign exchange bulk, the US dollar index rose 0.34% weekly, the first weekly increase this month. The conflict between Russia and Ukraine and the situation in the Middle East continues to ferment, with crude oil rising by more than 2% for two consecutive weeks. Spot gold rose 1.31% last week for three consecutive weeks. The Federal Reserve kept interest rates unchanged last week, in line with market expectations. The guidance on interest rate cuts this year was still two times, and Powell's remarks also brought some comfort to the market. This week focuses on the Fed's most popular inflation indicator, the PCE Price Index, released on Friday. In addition, as the "tariff limit" approaches on April 2, uncertainty has kept the market cautious. However, once the tariff outlook gradually becomes clear, market turmoil that lasts for several weeks may subside. As a financial trading platform that supports assets such as cryptocurrencies, stock indexes, bulk gold, foreign exchange, and other assets, eeee.com recently launched USDT stablecoin wealth management products with an annualized yield of 8%, providing investors with potential safe-haven options. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.
Keywords: Bitcoin
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