Last week, the crypto market experienced volatility due to global macroeconomic developments. Inflation data released in the United States exceeded expectations, impacting both Bitcoin (BTC) 
$61,834 and altcoins significantly. Additionally, new tariffs announced by Donald Trump heightened concerns about global trade wars. Despite these pressures, Bitcoin and altcoins managed to maintain their strength.
Macroeconomic Impacts on the Crypto Market
The crypto market faced challenges due to the recent inflation data from the U.S. The Consumer Price Index (CPI) for January was reported at 3% year-on-year, which was higher than anticipated. Similarly, the Producer Price Index (PPI) stood at 3.5%, leading to decreased demand for riskier assets.
Trump’s new tariffs raised fears of a resurgence in global trade wars. Following these developments, high volatility was observed in the crypto market. Bitcoin’s price fluctuated, reaching $97,000, and showed a 0.5% increase over the week. Meanwhile, Ethereum (ETH) 
$1,643 also rose by 1% to hit $2,700.
Hope for Bitcoin and Altcoins’ Ascendancy
Despite the market’s fluctuations, certain developments are fostering optimism within the crypto space. News regarding exchange-traded funds (ETFs) has bolstered expectations for Bitcoin and several altcoins.
The U.S. Securities and Exchange Commission (SEC) announced that it is reviewing XRP ETF applications submitted by Grayscale and 21Shares, which has increased interest in XRP. Additionally, the potential acceptance of ETF applications for Solana 
$65 (SOL) and Dogecoin 
$0.084884 (DOGE) is raising market expectations.
Investors are closely monitoring Bitcoin and the potential of these altcoins. There is a belief that potential ETF approvals could have a positive impact on the market, keeping hopes alive for the future despite current volatility.
