Bitcoin is currently trading at approximately $77,700, marking a 1.8% increase since midnight UTC, having rebounded from the $75,650 level, which previously acted as a resistance point during the last week's rally. This rebound indicates a potential shift towards a bullish trend, with $75,650 now serving as a key support level that could play a vital role in bitcoin's potential push towards the $80,000 threshold. Meanwhile, Ether is trading at $2,344, displaying more bearish trends compared to bitcoin, characterized by a series of lower 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 report after the market close on Wednesday.
Nasdaq 100 futures are up by 0.25% in pre-market trading, reflecting the positive market sentiment.