Bitcoin is currently valued at $78,654.90, with its price rising by 1.8% since midnight UTC, following a rebound from the $75,650 mark, which previously acted as a resistance point 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 essential for bitcoin's potential push towards the $80,000 threshold. Meanwhile, Ether is trading at $2,344, with its chart displaying more bearish indicators than bitcoin, characterized by a series of declining highs since April 17.
The overall market is experiencing an uptrend, driven by anticipation among US investors for the upcoming earnings reports from major tech companies, including Alphabet, Microsoft, Amazon, and 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 sentiment.
Additionally, derivatives positioning and token trends are worth monitoring.