The bitcoin price, currently at $77,406.78, has risen to approximately $77,700, marking a 1.8% increase since midnight UTC, following a rebound from the $75,650 level. This level previously acted as a resistance point during last week's rally but now serves as a crucial support level, potentially paving the way for another push towards the $80,000 threshold. Meanwhile, ether (ETH) is trading at $2,344, exhibiting more bearish trends than bitcoin, with its chart showing a series of lower highs since April 17. The overall market is experiencing an uptrend as US investors await the release of tech company earnings, including those from Alphabet, Microsoft, Amazon, and Meta, all scheduled to report after the market close on Wednesday.
Nasdaq 100 futures are also up by 0.25% in pre-market trading, further indicating a positive market sentiment.