Bitcoin was trading flat as the largest crypto token managed to hold 29,000-mark, while Ethereum was trading slightly lower and remained below $1,850-levels.Bitcoin and other top crypto tokens were trading lower on Friday, but the gains were capped. Traders await the key macroeconomic data from the US. A report by K33 noted that while the largest cryptocurrency was recently trading in an increasingly narrow spread over the last six weeks immune to macroeconomic and industry events Bitcoin was trading flat, almost unchanged from the previous trading session as the largest crypto token managed to hold 29,000-mark. However, its largest peer, Ethereum, was trading slightly lower and remained below $1,850-levels. Price action in the major altcoins was on the downside. The crypto market has experienced slight selling pressure in the last 24 hours. The overall market seems to be rather immune to many macro developments in its current state. The latest example is the rise of jobless claims and treasury rates, which usually triggers a risk-off sentiment amongst investors, said Parth Chaturvedi, Investments Lead at CoinSwitch Ventures.#CoinWSEA #CoinW
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