The cryptocurrency market experienced a decrease in volatility on Friday, with the price of bitcoin stuck in a range of $77,500 to $78,500 since midnight UTC. This subdued price movement follows an unsuccessful attempt to break out above $80,000 on Wednesday. Despite this, the overall trend remains positive, with the BTC price consistently rising throughout April and forming a series of higher highs and higher lows.
Ether (ETH) mirrored bitcoin's performance on Friday, declining by approximately 0.9% while also trading within a narrow range. U.S. stock futures were mixed, with Nasdaq 100 futures increasing by 0.5% due to strong tech earnings, while S&P 500 futures slipped by 3 basis points. The Dollar Index (DXY) remained relatively unchanged despite comments from U.S.
President Donald Trump confirming the extension of the ceasefire between Israel and Lebanon by three weeks. The dollar had previously fallen by roughly 0.5% when the ceasefire was first announced on April 16. The reduction in derivatives positioning also contributed to the market's subdued tone.