The cryptocurrency market experienced a slight uptick on Friday, with Bitcoin rising by 1.25% to $77,250 since midnight UTC. The CoinDesk 20 Index saw a 0.7% increase, with 14 of its members trading in the green. This increase follows Bitcoin finding support at $75,000, a level it had previously struggled to surpass, on Wednesday. The cryptocurrency has been range-bound between $75,000 and $80,000 since April 19.
Negative funding rates on futures exchanges indicate traders are positioned for a potential decline. U.S.
equity index futures saw minimal change, with Nasdaq 100 futures cooling down after the release of Big Tech earnings, while S&P 500 futures marginally increased by 5 points. Precious metals, including gold and silver, fell by 1% and 0.7%, respectively. The altcoin market is mixed, with AXS and HYPE experiencing a 3% rise, while DeFi tokens MORPHO and AAVE are in the red. Derivatives positioning and token performance are also being closely watched.