The cryptocurrency market experienced reduced volatility on Friday, with the price of bitcoin stuck between $77,500 and $78,500 since midnight UTC, currently trading at $78,136.37. 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 BTC price steadily increasing throughout April and forming a series of higher highs and lows. Ether (ETH) mirrored bitcoin's performance on Friday, declining by approximately 0.9% since midnight while also trading within a narrow range.
U.S. stock futures presented a mixed picture, with Nasdaq 100 futures rising 0.5% due to strong tech earnings, while S&P 500 futures slipped 3 basis points.
The Dollar Index (DXY) remained relatively unchanged, despite U.S. President Donald Trump's comments confirming the extension of the ceasefire between Israel and Lebanon by three weeks.
The dollar had previously fallen around 0.5% when the ceasefire was first announced on April 16. Derivatives Positioning Token Talk