On Friday, the cryptocurrency market experienced a modest upswing. Bitcoin (BTC) increased by 1.25% since midnight UTC to reach $77,250, while the CoinDesk 20 Index (CD20) rose by 0.7%, with 14 of its components showing gains.
This uptick follows bitcoin’s stabilization at $75,000 on Wednesday—a level it struggled to surpass previously. Since April 19, bitcoin has been confined within a trading range between $75,000 and $80,000. Futures exchanges continue to exhibit negative funding rates, suggesting a prevalent short position among traders.
Meanwhile, U.S. equity index futures saw minimal movement. Nasdaq 100 futures eased after the recent earnings announcements from major tech companies, while S&P 500 futures edged up by five points.
In contrast, precious metals experienced declines, with gold and silver dropping by 1% and 0.7%, respectively. The altcoin market presented a varied picture: AXS and HYPE each saw an increase of approximately 3%, whereas DeFi tokens MORPHO and AAVE recorded losses.