Bitcoin, currently valued at $76,575.25, has rallied to $77,700, marking a 1.8% increase since midnight UTC after bouncing off the $75,650 price point that previously acted as a barrier during last week's 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 next attempt to breach the $80,000 mark. Meanwhile, Ether (ETH) is trading at $2,344, displaying more bearish tendencies than bitcoin, with its chart showing a series of lower highs since April 17.
The overall market is trending upwards as US investors await the earnings reports of major tech companies, including Alphabet, Microsoft, Amazon, and Meta, all scheduled to report after Wednesday's closing bell. Nasdaq 100 futures are up 0.25% in pre-market trading, reflecting the anticipation.
Additionally, derivatives positioning and token speculation are also on the rise.