Bitcoin, currently valued at $75,763.45, has risen to approximately $77,700, marking a 1.8% increase since midnight UTC, after successfully rebounding from the $75,650 price point that previously acted as a resistance level during the last week's price surge. This rebound signals a potential bullish trend, with the $75,650 level now serving as a critical support that could be vital for bitcoin's potential push towards the $80,000 mark.
Meanwhile, Ether (ETH) is trading at $2,344, displaying more bearish tendencies than bitcoin, characterized by a series of lower highs since April 17. The overall market is experiencing an uptrend as US investors eagerly await the earnings reports of several major tech companies, including Alphabet (GOOG), Microsoft (MSFT), Amazon (AMZN), and Meta (META), all scheduled to report after the market close on Wednesday.
Nasdaq 100 futures are up 0.25% in pre-market trading, reflecting the positive market sentiment. Additionally, derivatives positioning and token performance are being closely watched.