Introduction:

The strength of the cryptocurrency market continues to impress as Wall Street shows keen interest in nine new Bitcoin ETFs, launched in the US earlier this year. Alongside, attention is focused on crucial macroeconomic data that could sway the Federal Reserve’s decisions on interest rates. Recent economic figures for February, such as Core Durable Goods Orders and Durable Goods Orders, are closely watched for their potential impact.

Critical Data Insights:

The US recently unveiled economic statistics for February, including Core Durable Goods Orders and Durable Goods Orders. These numbers have the capacity to influence the performance of the US dollar and directly affect volatile markets like cryptocurrencies. Reports indicate that both Core Durable Goods Orders, excluding transportation, and Durable Goods Orders, incorporating transportation, surpassed initial projections.

Core Durable Goods Orders, excluding transportation, surpassed market expectations, registering a 0.5% increase compared to the anticipated 0.4%. This data is a significant gauge of manufacturing activity, excluding the variable transportation sector, suggesting growth in the US manufacturing realm.

Similarly, Durable Goods Orders for February exceeded forecasts, with a 1.4% rise compared to the expected 1.2%. These orders encompass all new orders for durable consumer goods, including transportation, signaling growth in the US manufacturing sector.

Bitcoin and Altcoin Trends:

Following the release of pivotal US economic data, Bitcoin, the foremost cryptocurrency, has experienced a 5.75% surge in the past 24 hours, reaching over $70,000 at $70,857. Recent data indicates an 11.85% increase in Bitcoin's value over the past week and a notable 38.30% rise over the last month.

In tandem, the altcoin market, spearheaded by Ethereum (ETH), has seen a 5.68% uptick in the previous 24 hours, trading at $3,630. Noteworthy among the top gainers is the dog-themed memecoin, dogwifhat (WIF), soaring by 17.74% and trading at $3.14. Other notable gainers include Internet Computer (ICP) with a 15.58% increase and Bonk (BOKN), another dog-themed memecoin, rising by 15.19%.

Conversely, the list of the day's top decliners includes Toncoin (TON) with a 4.10% decrease, followed by Helium (HNT) and Bitget Token (BGB) with declines of 0.74% and 0.26%, respectively.

Conclusion:

The cryptocurrency market's resilience remains evident as it garners increased attention from Wall Street, particularly with the introduction of new Bitcoin ETFs. As economic indicators sway, the market reacts, with Bitcoin and altcoins showcasing notable movements in response to recent US macroeconomic data releases.