The cryptocurrency market experienced a decrease in volatility on Friday, with the price of bitcoin stuck within a tight range of $77,500 to $78,500 since midnight UTC, currently trading at $77,934.29. This subdued market activity follows a failed attempt to break through the $80,000 barrier on Wednesday, although the overall trend remains positive, with the BTC price gradually increasing throughout April and consistently forming higher highs and higher lows. Ether (ETH) mirrored bitcoin's performance on Friday, declining by approximately 0.9% since midnight while also trading within a narrow range.
U.S. stock futures presented a mixed picture, with Nasdaq 100 futures rising by 0.5% due to strong tech earnings, while S&P 500 futures dipped by 3 basis points.
The Dollar Index (DXY) remained relatively stable despite comments from U.S. President Donald Trump confirming a three-week extension of the ceasefire between Israel and Lebanon.
The dollar had previously fallen by roughly 0.5% when the ceasefire was first announced on April 16. Derivatives positioning Token talk