Bitcoin, currently valued at $77,236.71, has climbed to approximately $77,700, representing a 1.8% increase since midnight UTC, after a successful rebound from the $75,650 level. This price point previously acted as a resistance barrier during the rally last week. The recovery hints at a shift towards a bullish trend, with $75,650 now emerging as a critical support level that could facilitate another push towards the $80,000 mark.
Meanwhile, Ether (ETH) is trading at $2,344, displaying more bearish tendencies on its chart compared to bitcoin, characterized by a series of lower highs since April 17. The overall market is experiencing an uptick, driven by anticipation among U.S. investors for a string of tech company earnings reports. Major players, including Alphabet (GOOG), Microsoft (MSFT), Amazon (AMZN), and Meta (META), are scheduled to release their earnings after the market closes on Wednesday.
In pre-market trading, Nasdaq 100 futures are up by 0.25%. The derivatives market is also showing signs of de-risking, while interest in memecoins is on the rise ahead of these key earnings reports.