Cryptocurrency market volatility subsided on Friday, with the price of bitcoin stuck at $75,900.89, fluctuating between $77,500 and $78,500 since midnight UTC. The lackluster price movement follows a failed 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 (ETH) mirrored bitcoin's performance on Friday, dropping approximately 0.9% since midnight while also trading within a narrow range.
U.S. stock futures were mixed, with Nasdaq 100 futures rising 0.5% due to strong tech earnings, and S&P 500 futures slipping 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 around 0.5% when the ceasefire was first announced on April 16. The reduction in derivatives positioning also contributed to the market's subdued tone.