Bitcoin is currently valued at $76,600.23, having risen by 1.8% since midnight UTC, after bouncing back from the $75,650 level, which previously acted as a resistance point during the prior week's price surge. This rebound indicates a shift towards a bullish trend, with $75,650 now serving as a critical support level that could be vital for bitcoin's potential push towards the $80,000 mark.
Meanwhile, Ether is trading at $2,344, with its chart displaying more bearish tendencies than bitcoin, characterized by a series of declining highs since April 17. The overall market is experiencing an uptrend, driven by anticipation among U.S. investors for the upcoming earnings reports from major tech companies, including Alphabet, Microsoft, Amazon, and Meta, all scheduled to release their results after the market close on Wednesday. Nasdaq 100 futures are up 0.25% in pre-market trading, reflecting the positive sentiment.
Additionally, derivatives markets are showing signs of de-risking, while speculative flows are increasing in memecoins.