The cryptocurrency market experienced reduced volatility on Friday, with the price of bitcoin hovering between $77,500 and $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 creating a series of higher highs and lows. 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 stable, despite comments from U.S.
President Donald Trump confirming the extension of the ceasefire between Israel and Lebanon by three weeks. The derivatives market also saw a decline in open interest, signaling a decrease in trader leverage.