ChainCatcher news reports that, according to 4E monitoring, after the Federal Reserve's interest rate meeting, the upward trend of U.S. stocks could not be sustained. Economic uncertainty and Trump's tariff plans cast a shadow, leading to a volatile decline in major U.S. stock indices on Thursday. The S&P 500 fell by 0.2%, the Dow Jones dropped by 0.1%, and the Nasdaq decreased by 0.3%. Large tech stocks saw more declines than gains, with Tesla slightly up by 0.1%.The cryptocurrency market showed volatility but overall presented a mild upward trend. Last night, influenced by the U.S. stock market, coupled with Trump's reiteration of old themes in his speech at the DAS summit without any substantial positive news, Bitcoin experienced a rapid decline. As of the time of writing, it has rebounded to $84,650, down 1.33% in the last 24 hours. Most other mainstream tokens have seen some pullback. BNB's on-chain performance has recovered, continuing to be a focus for investors.In the forex and commodities sector, risk aversion dominated the market, with the U.S. dollar index rising by 0.40%, extending Wednesday's gains; investors are paying attention to the Trump administration's sanctions on Iran, with international oil prices closing up over 1.6%; spot gold slightly retreated after reaching a historical high, with a cumulative increase of nearly 16% this year.The market is digesting the Federal Reserve's decision, but investors are concerned that Trump may impose more tariffs in April, questioning whether the potential inflation caused by tariffs will limit the Fed's expected significant rate cuts, leading to a clear risk-averse sentiment in the U.S. stock market.

ChainCatcher news, the Federal Reserve decided to keep the policy interest rate unchanged, in line with market expectations. At the same time, it announced a significant slowdown in the pace of balance sheet reduction (QT), easing market liquidity pressures. Powell reassured investors that the risk of recession is low, the U.S. economy remains strong, and the job market is still solid.According to 4E monitoring, the Fed's dovish stance boosted risk assets, with all three major U.S. stock indices rising on Wednesday: the S&P 500 up 1.08%, the Dow up 0.92%, and the Nasdaq up 1.41%. Tech stocks led the gains, with Tesla rising 4.68% and Nvidia up 1.81%.The cryptocurrency market rebounded significantly, with Bitcoin continuing to rise to $87,453 driven by tech stocks, before slightly retreating to $85,866 at the time of writing, a 24-hour increase of 3.6%. Other major tokens also rose collectively, with Ethereum returning above $2,000, while XRP surged over 11% due to the SEC dropping its appeal against Ripple.In the forex commodities sector, the U.S. dollar index soared, but the increase quickly narrowed to 0.21% after the Fed announced its decision to hold steady; U.S. oil closed up 0.39%; spot gold prices hit a historic high during trading for two consecutive days, approaching $3,052 during Powell's press conference.Powell acknowledged at the press conference that Trump's economic policies have brought significant uncertainty to the U.S. economy, but reiterated that the Fed is not in a hurry to adjust monetary policy. The updated dot plot indicates that the Fed will cut interest rates twice this year, consistent with the forecast from December last year. At the same time, the Fed downgraded its economic growth forecast while raising its inflation expectations, showing characteristics of "stagflation."

ChainCatcher message, according to SoSoValue data, the encrypted market sector mostly experienced slight pullbacks, while the SocialFi and RWA sectors rose against the trend. The SocialFi sector increased by 3.82% in 24 hours, with Toncoin (TON) rising by 4.49%; the RWA sector rose by 1.33%, with Pendle (PENDLE), Maker (MKR), and Plume (PLUME) increasing by 3.79%, 8.08%, and 9.13% respectively. Meanwhile, the ssiSocialFi and ssiRWA indices, which reflect the historical performance of the sectors, rose by 3.59% and 1.14% in 24 hours respectively.In addition, the Hyperliquid sector saw a 24-hour increase of 7%, with the HYPE native token rising by 7.02%; Ethereum (ETH) also remained relatively strong, increasing by 1.23% in 24 hours.In other sectors, the DeFi sector rose by 0.46% in 24 hours, with Sky (SKY) increasing by 7.88%; the Layer1 sector rose by 0.23%, the Meme sector fell by 0.82%, and the CeFi sector declined by 0.85%, although LEO Token (LEO) and Bitget token (BGB) rose against the trend by 1.32% and 3.10% respectively; the PayFi sector fell by 0.95%, and the Layer2 sector decreased by 1.29%.

ChainCatcher news, according to The Block, analysts at research and brokerage firm Bernstein have begun coverage of Coinbase with an "outperform" rating and set a target price of $310, representing a 69% upside from the current price.In a client report released on Tuesday, analysts stated that while critics are concerned about Coinbase facing increasing competition and fee pressure, they overlook the total addressable market expansion brought about by the global crypto market returning to the U.S., which the analysts described as the "Great American Return."Bernstein expects that although Coinbase's market share in the U.S. is projected to slightly decline to 60% over the next two years and that it will reduce its retail price premium by 20% to maintain its dominance, its trading revenue's compound annual growth rate (CAGR) will reach 34% by the end of 2026. The analysts also pointed out other services offered by Coinbase, such as cryptocurrency staking yields, custody services, and the Ethereum Layer 2 network Base, expecting a CAGR of 31% for non-trading revenue during the same period, resulting in an overall CAGR of 33%.

ChainCatcher message indicates that, according to SoSoValue data, the encrypted market sector has slightly stabilized, with the GameFi sector leading the rise at 4.79%. Within this sector, ImmutableX (IMX) and GALA have increased by 2.17% and 2.34% respectively over the past 24 hours.In addition, the BSC Ecosystem has recently performed well, rising by 2.71% in 24 hours, with BinaryX (BNX), PancakeSwap (CAKE), and Mubarak (MUBARAK) increasing by 30.70%, 36.24%, and 47.70% respectively.In other sectors, the DeFi sector rose by 2.33% in 24 hours, while the RWA sector increased by 2.20%. Within the RWA sector, Pendle (PENDLE) and Plume (PLUME) rose by 8.91% and 18.47% respectively. The CeFi sector increased by 1.87%, with Binance Coin (BNB) and OKB rising by 2.59% and 8.37% respectively. The Layer2 sector rose by 0.72%, the Layer1 sector increased by 0.29%, and the Meme sector fell by 1.02%, with Pepe (PEPE) rising against the trend by 8.49%. The PayFi sector decreased by 1.21%.It is worth mentioning that the ssiGameFi, ssiNFT, ssiCeFi, and ssiRWA, which reflect the historical performance of the sectors, rose by 2.71%, 2.57%, 1.98%, and 1.93% respectively in the past 24 hours.

ChainCatcher news reports that according to 4E monitoring, U.S. stocks continued the rebound from last Friday on Monday, as investors sought to buy on dips after four consecutive weeks of market declines, pushing the indices higher. By the close, the Dow Jones rose 0.85%, the Nasdaq rose 0.31%, and the S&P 500 index rose 0.64%. Most large tech stocks fell, with Tesla leading the decline at 4.83%, down more than 40% this year.The cryptocurrency market fluctuated narrowly, showing overall lackluster performance, with Bitcoin hovering around $83,000, reported at $83,389 at press time, up 0.15% in 24 hours. Other major tokens mostly saw slight increases, with Ethereum striving to hold above $1,900, and BNB's meme market recovering strongly, rising nearly 18% in the past 7 days.In the forex commodities sector, the shadow of Trump's trade protectionism continues, with the dollar index falling 0.33% to a five-month low; influenced by geopolitical factors, oil prices rebounded over two days, with U.S. oil rising 0.59%; gold, driven by safe-haven sentiment, saw spot gold rise 0.57%, reaching a historical high for three consecutive days.Trump's tariff remarks have temporarily quieted, and the market is closely watching global central bank meetings. The Federal Reserve is expected to maintain interest rates on Wednesday, and Powell's comments after the meeting will be closely monitored, as he has previously stated he is "not in a hurry" to cut rates. Investors will look for any changes in his tone.

ChainCatcher news, according to Alternative data, today's cryptocurrency Fear and Greed Index is 34 (yesterday it was 32), indicating a slight easing of market fear.Note: The fear index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market surveys (15%) + Bitcoin's proportion in the overall market (10%) + Google Trends analysis (10%).

ChainCatcher message, author of the newsletter "Crypto Is Macro Now" Noelle Acheson states that BTC remains a safe haven, noting: "The short-term price of BTC is determined by the previous round of short-term trading, and in the long term, Bitcoin remains a safe haven.Currently, the market is in a risk-averse sentiment, so macro portfolios are reducing their positions, and there is no new capital inflow needed to initiate the next round of increases, which may take some time, as both professional and retail investors are highly uncertain.However, the tailwind remains intact, and once the market adapts to the new economic landscape, the inflow of funds into the cryptocurrency market will resume, and the tailwind remains intact."

ChainCatcher news, Binance founder Zhao Changpeng responded to community users on the X platform, stating that only 5% of people in the market can survive long-term in the crypto space, with 4% actively trading or engaging in projects, but their returns still lag behind Bitcoin. Only 1% can truly outperform Bitcoin, but this requires extraordinary effort.Zhao Changpeng added that holding Bitcoin long-term can surpass 99% of crypto market participants, while also performing better than most traditional assets, and requiring almost no active trading operations.

ChainCatcher news, Bitfinex has released the latest analysis report, which points out that Bitcoin fell to a low of $77,041 last week, a pullback of 29.7%, marking the second deep correction in this bull market. Meanwhile, the continued outflow of U.S. Bitcoin spot ETFs (totaling $921.4 million last week) indicates that institutional buyers do not yet have enough strength to offset the selling pressure.Historically, when new capital inflows slow down and the cost basis trend changes, it indicates that the demand environment is weakening. As Bitcoin struggles to maintain above key levels, this trend becomes increasingly apparent. Without new buyers stepping in, Bitcoin may face the risk of long-term consolidation or even further declines, as weaker buyers continue to exit their positions. A key factor to watch is whether long-term holders or institutional demand will re-emerge at lower market levels. If wealthier investors begin to absorb Bitcoin sell-offs, it could signal a shift towards accumulation, potentially stabilizing price movements and reversing market sentiment.

ChainCatcher news, according to official social media announcements, the Huobi HTX themed column "Dialogue with HTX Partners" will be held today at 20:00 (UTC+8) via Huobi HTX Twitter Space.At that time, crypto KOLs such as FuLuShou OTC, NingNing, and Chloe will be invited to discuss the theme "Pullback or Bear Market? What is the Next Direction for the Crypto Market?" They will explore the short-term trends of the crypto market, the reasons for the market's decline after the launch of the spot ETH ETF, as well as investment opportunities in AI, RWA, and the Solana ecosystem.

ChainCatcher message indicates that, according to SoSoValue data, the encrypted market sector has generally declined, while the RWA and SocialFi sectors have seen slight increases. The RWA sector has risen by 0.75% in the last 24 hours, with MANTRA (OM) increasing by 3.10%. The SocialFi sector has risen by 0.56%, with Toncoin (TON) increasing by 1.40%. Meanwhile, the ssiRWA and ssiSocialFi, which reflect the historical performance of the sectors, have increased by 0.48% and 1.41% respectively in the last 24 hours.In addition, the CeFi sector has risen by 0.38% in the last 24 hours, with Binance Coin (BNB) increasing by 1.58%, OKB rising by 3.45%, Cronos (CRO) increasing by 2.18%, and MX rising by 2.27%.In other sectors, the Meme sector has decreased by 0.55% in the last 24 hours, with Shiba Inu (SHIB) rising against the trend by 5.72%; the PayFi sector has decreased by 1.07%, with Ultima (ULTIMA) rising against the trend by 14.68%; the Layer2 sector has decreased by 1.17%, with Mantle (MNT) increasing by 5.47%; the DeFi sector has decreased by 1.18%, and the Layer1 sector has decreased by 1.83%.

ChainCatcher news reports that, according to 4E monitoring, under the continuous impact of Trump's tariff policy, the three major U.S. stock indices experienced significant fluctuations last week and collectively closed lower. The Dow Jones fell about 3.1%, marking its worst weekly performance since March 2023. The S&P 500 dropped 2.27%, and the Nasdaq fell 2.43%, both marking the fourth consecutive week of decline. Large tech stocks, except for Nvidia which rebounded nearly 8%, all closed lower for the week.The cryptocurrency market was highly volatile, with Bitcoin rebounding after dipping to a recent low on Tuesday, oscillating around $83,000. U.S. stocks closed higher on Friday, driving Bitcoin above $85,000, but the upward momentum could not be sustained over the weekend due to a lack of liquidity, closing at $83,144, up nearly 1.5% over the past week. Other major tokens saw slight increases, with Ethereum striving to hold above $1,900, and BNB boosted by a $2 billion investment in Abu Dhabi and a revival in on-chain memes, rising nearly 10% over the past week.In the forex commodities sector, the U.S. dollar index fell about 0.1% last week; the oil market rebounded on Friday, reversing the downward trend for the week, with U.S. oil seeing its first weekly increase in nearly two months. The shadow of the trade war triggered a rush to safe-haven assets, with spot gold reaching a high of $3,004.94 on Friday, marking the first time it has surpassed the psychological threshold of $3,000, with a cumulative increase of 2.65% for the week.U.S. inflation data for February, both CPI and PPI, came in below expectations, easing concerns about economic stagflation. However, the latest University of Michigan consumer confidence index hit its lowest level in nearly three years, indicating extreme pessimism among consumers regarding the economic outlook. This week marks the "Super Central Bank Week," with over 20 central banks set to announce their latest policy rates, with a focus on the Federal Reserve and Japan, where the market currently expects both the Fed and the Bank of Japan to maintain their interest rates.

ChainCatcher news reports that on social media, on-chain data analyst Murphy published statistics stating that the cost basis for ETH accumulated from January to February 2025 is roughly between $3,200 and $3,500. A cluster of addresses has been intensively accumulating at $3,475, totaling 1.66 million ETH. This group did not sell during the drop of ETH to $1,900 and instead added to their positions, currently holding 1.94 million ETH with a reduced cost basis of $3,150.Additionally, the cost basis for the chips accumulated in mid-February 2025 is approximately between $2,600 and $2,800. This group started to cut losses as the ETH price fell below $2,300, and currently, only the chips at $2,800 and $2,630 remain unchanged, holding 1 million and 850,000 ETH respectively.As the price of the coin continues to decline, new demand for ETH has gradually weakened, especially after the price fell below $2,000, where data shows there is almost no new purchasing power.Murphy explains that the high-position trapped chips, after a series of self-rescue replenishments, now seem to have exhausted their purchasing power; the current price of $1,850 is the cost price for large holders who accumulated two years ago. When the price drops to this level, they start to replenish (buying back parts sold at high positions to average down costs), thus forming a support effect. If this price level cannot provide support, the decline may reach $1,600 and $1,250, which are the "remaining support levels from three years ago's accumulation."From the overall behavior of current investors, the most important factor is still the reconstruction of consensus on ETH's value. If an effective consensus cannot be formed, the currently trapped chips at high positions of $2,630 (850,000), $2,800 (1 million), and $3,150 (1.945 million) will all become significant obstacles on the path to recovery.

ChainCatcher message, CryptoQuant analyst stated, "The market has entered an oversold zone after a significant pullback. Even without further drastic declines, the selling pressure in the market has been fully released, making it a favorable area for potential upward movement without the need for further significant drops."Oversold is a term in technical analysis that refers to an asset or market that has been excessively sold due to a prolonged decline, causing the price to fall below its fair or historical average level.