The cryptocurrency market experienced a decrease in volatility on Friday, with the price of bitcoin stuck within a narrow range of $77,500 to $78,500 since midnight UTC. This subdued price movement follows an unsuccessful attempt to break out above $80,000 on Wednesday. Despite this, the overall trend remains positive, with the BTC price steadily increasing throughout April and establishing a series of higher highs and higher lows.
Ether (ETH) mirrored bitcoin's performance on Friday, declining by approximately 0.9% since midnight while also trading within a limited 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 (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 around 0.5% when the ceasefire was initially announced on April 16. Additionally, derivatives positioning and token-related discussions are noteworthy.