The cryptocurrency market experienced a decline in volatility on Friday, with the price of bitcoin hovering around $76,800.64, trapped within a tight 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. Nevertheless, the overall trend remains positive, with the BTC price gradually increasing throughout April and forming a series of higher peaks and troughs. On Friday, Ether (ETH) mirrored bitcoin's performance, dropping approximately 0.9% since midnight while trading within a confined range.
In the US stock market, futures were mixed, with Nasdaq 100 futures rising 0.5% driven by robust tech earnings, while S&P 500 futures slipped 3 basis points. The Dollar Index (DXY) remained relatively stable despite US President Donald Trump's confirmation of a three-week extension to the ceasefire between Israel and Lebanon. The dollar had previously fallen around 0.5% when the ceasefire was first announced on April 16. Trends in derivatives positioning and token performance are also worth noting.