• The U.S. economy cooled slightly with the latest GDP data, and jobless claims indicated the job market was still tight.
• Despite this, the crypto market largely shrugged off this news and bitcoin prices remain unchanged.
• Litecoin has been performing strongly in comparison to other major cryptos, operating largely out of the spotlight.

The U.S. economy cooled slightly in the latest gross domestic product (GDP) data, with an unexpectedly small jump indicating the current state of the economy. This was further underlined by the jobless claims data, which showed the job market was still tight. Despite this, the crypto market largely shrugged off this news with prices largely unchanged.

At the time of writing, bitcoin (BTC) was hovering around $22.9K, Ethereum (ETH) was around $1,582 and the S&P 500 daily close was at 4,060.43, with gold at $1,931.

Litecoin has been performing particularly strongly compared to other major cryptos, largely operating out of the spotlight. Sam Reynolds of CoinDesk considers the altcoin’s strong performance over the past year compared to bitcoin and ether.

The first-mover advantage in Asia was also seen in the crypto market, with investors seemingly undeterred by the news. The resilience of the crypto market in the face of the news could be a sign of investor confidence in the sector, as the data was not groundbreaking enough to disrupt the market.

It is clear that the crypto market is slowly developing a greater level of maturity, with investors unimpressed by data that in the past would have been considered newsworthy. This could be a sign of a bright future for the sector, as investors are starting to focus on the fundamentals and long-term prospects of the crypto market.

Ultimately, the crypto market continues to demonstrate its resilience in the face of changing news, displaying an impressive level of maturity. Litecoin has been a standout performer compared to other major cryptos, with its strong performance over the past year going largely unnoticed. The first-mover advantage in Asia has also been seen, with investors largely unphased by the latest data. All this points to a bright future for the crypto market and the potential for further growth in the sector.