Bitcoin is still at $29,500, Ethereum is up $1,850, and Shiba Inu are up 3% apiece

Bitcoin fell another 1% to go below the 29,500 barrier, while Ethereum was trading slightly lower but close to $1,850 on Friday.

After better-than-expected US inflation figures, Bitcoin and other leading crypto assets were trading in the red on Friday. The two largest cryptocurrencies are still shaking off macro waves. Aside from macroeconomic variables, analysts continue to target the $30,000 milestone for Bitcoin.

Bitcoin’s decline continued on Friday, with the largest crypto currency falling another 1% to go below the 29,500-mark. Its largest peer, Ethereum, was trading marginally lower but had reached $1,850 levels following the recent dip. The price action in the major altcoins was bearish.

With the exception of a few names, all of the top crypto tokens were trading lower on Friday. Bitcoin Cash fell by more over 3%, while Cardano fell by roughly 2%. BNB, Litecoin, and Polkadot all lost more than 1%. Among the gainers, Solana and Shiba Inu gained 2% each, while Tron gained roughly 1%.

The worldwide cryptocurrency market cap was trading much lower, falling to $1.17 trillion after dropping about 1% in the prior 24 hours. However, total trade volumes fell by as much as 26% to $25.84 billion.