Bitcoin traded in a volatile but narrow range, repeatedly attempting to establish itself above the $77,000 mark. After an overnight surge from $76,700 to $77,200, it reached a daily high of $77,604 before stabilising around $77,500.

According to a new analysis by the Ecoinometrics platform, Bitcoin's current rally is happening amid unusually low volatility. This week, volatility dropped to its lowest level in the past decade, signaling an "exceptionally calm bullish trend."