The crypto market this week faced fluctuations due to major economic data from the US. Consumer Price Index (CPI) in January was announced at 3% annually and Producer Price Index (PPI) was higher than expected at 3.5%. This led to a decline in high-risk assets like digital currencies. Despite concerns over new tariffs by Donald Trump, Bitcoin and altcoins showed resilience, preventing further price drops. Bitcoin (BTC) experienced significant fluctuations and closed at $97,000 with a 0.5% increase. Ethereum (ETH) also grew by 1% and closed at $2,700. Investors remained cautious amid economic conditions but the overall market trend was positive. Attention has shifted to Tradable ETFs as the SEC accepting some requests has boosted market optimism. Notably, Ripple (XRP) became a key topic as its ETF request was accepted by Grayscale and 21Shares. Speculation about the approval of ETFs for Solana (SOL) and Dogecoin (DOGE) has increased. With these approvals, hopes for price growth among investors have risen. In conclusion, the crypto market faced pressure from major economic events this week, but optimism for future price growth persists.
