As has been the case all week, bitcoin (BTC) is trading in a tight range around the $77,000 level in U.S. morning action. There was some economic news on Friday morning, and it wasn't pretty. The University of Michigan Consumer Sentiment Index for May fell to a record low 44.8 from 48.2 previously and versus economist forecasts for 48.2. The Expectations Index also fell to a record low of 44.1. The UMich 1-year Consumer Inflation Expectations Index rose to 4.8% from 4.5% previously. The 5-…
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