The cryptocurrency market experienced a decrease in volatility on Friday, with the price of bitcoin stuck between $77,500 and $78,500 since midnight UTC, currently trading at $76,678.85. This subdued market activity follows a failed attempt to break through the $80,000 threshold on Wednesday, although the overall trend remains positive, with the BTC price steadily increasing throughout April and consistently reaching new highs and lows. Ether (ETH) mirrored bitcoin's performance on Friday, dropping by approximately 0.9% since midnight while also trading within a tight 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 declined by 3 basis points. The Dollar Index (DXY) remained relatively unchanged 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 market positioning is also worth noting, with traders adjusting their positions in response to the changing market landscape.