The cryptocurrency market experienced a decrease in volatility on Friday, with the price of bitcoin stuck within a range of $77,500 to $78,500 since midnight UTC. The 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 peaks and higher troughs. Ether, meanwhile, mirrored bitcoin's performance, dropping approximately 0.9% since midnight while also trading within a narrow range.
In the US stock market, futures were mixed, with Nasdaq 100 futures rising 0.5% due to strong tech earnings, while S&P 500 futures fell 3 basis points. The Dollar Index remained relatively unchanged despite comments from US President Donald Trump confirming a three-week extension of the ceasefire between Israel and Lebanon. The dollar had previously fallen about 0.5% when the ceasefire was initially announced on April 16.
Additionally, derivatives positioning and token performance are being closely watched.