Friday saw a slight uptick in the cryptocurrency market. With a 1.25% increase since midnight UTC, Bitcoin reached $77,250, while the CoinDesk 20 Index rose by 0.7%, with 14 of its components trading in the green. This increase occurred after Bitcoin found 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. The negative funding rates observed on futures exchanges suggest that traders are predominantly betting on a downturn.
Meanwhile, U.S. equity index futures saw minimal changes, with Nasdaq 100 futures cooling down after the recent Big Tech earnings reports, while S&P 500 futures edged up by 5 points.
The precious metals sector experienced losses, with gold and silver declining by 1% and 0.7%, respectively. The altcoin market presented a mixed picture, with AXS and HYPE gaining around 3%, whereas DeFi tokens MORPHO and AAVE were in the red. The derivatives market positioning and token performance were also closely watched.