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. This subdued price movement follows an unsuccessful attempt to break through the $80,000 threshold on Wednesday. Despite this, the overall trend remains positive, with the bitcoin price steadily increasing throughout April and forming a series of higher highs and higher lows. Ether (ETH) mirrored bitcoin's performance on Friday, declining by approximately 0.9% 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, while S&P 500 futures slipped 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 by around 0.5% when the ceasefire was first announced on April 16. The reduction in derivatives positioning is also noteworthy.