The cryptocurrency market witnessed a decline in volatility on Friday, with the bitcoin price stuck between $77,500 and $78,500 since midnight UTC, currently trading at $76,447.90. 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 bitcoin price gradually increasing throughout April and forming a series of higher highs and higher lows. Ether, meanwhile, mirrored bitcoin's performance on Friday, experiencing a loss of approximately 0.9% within a narrow trading range.
U.S. stock futures displayed mixed results, with Nasdaq 100 futures rising 0.5% due to strong tech earnings, while S&P 500 futures slipped 3 basis points.
The Dollar Index remained relatively unchanged, despite comments from U.S. President Donald Trump confirming a three-week extension of the ceasefire between Israel and Lebanon.
The derivatives market also saw significant positioning changes, with traders adjusting their leverage.