The cryptocurrency market experienced reduced volatility on Friday, with the bitcoin price hovering between $77,500 and $78,500 since midnight UTC, at $78,676.25. The lackluster price movement follows an unsuccessful attempt to break through the $80,000 threshold on Wednesday.
Despite this, the overall trend remains positive, with the BTC price gradually increasing throughout April and establishing a series of higher highs and lows. On Friday, Ether matched bitcoin's performance, declining by approximately 0.9% within a narrow trading 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 remained relatively unchanged, despite U.S. President Donald Trump's confirmation of a three-week extension to the ceasefire between Israel and Lebanon. The dollar had previously fallen around 0.5% when the initial ceasefire was announced on April 16.
The derivatives market also saw notable shifts in positioning.