Bitcoin, currently valued at $78,109.97, has risen to around $77,700, marking a 1.8% increase since midnight UTC, following a rebound from the $75,650 price point that previously acted as a barrier during last week's price surge. This rebound implies a shift towards a bullish trend, with $75,650 now serving as a critical support level that could be vital for bitcoin's potential push beyond the $80,000 mark.
Meanwhile, Ether (ETH) is trading at $2,344, displaying more bearish tendencies than bitcoin, characterized by a series of declining 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 (GOOG), Microsoft (MSFT), Amazon (AMZN), and Meta (META), all scheduled to report after the market closes on Wednesday. Additionally, Nasdaq 100 futures have seen a 0.25% increase in pre-market trading, reflecting the positive market sentiment.