The price of Bitcoin has risen to approximately $77,700, marking a 1.8% increase since midnight UTC, after a significant rebound from the $75,650 level, which previously acted as a resistance point during the prior week's rally. This upward movement suggests a shift towards a bullish trend, with $75,650 now serving as a crucial support level that could be vital for Bitcoin's potential push towards the $80,000 threshold. In contrast, Ether is currently trading at $2,344, displaying more bearish signals on its chart, characterized by a series of lower highs since April 17.
The overall market is experiencing an upswing, 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. Meanwhile, Nasdaq 100 futures are up 0.25% in pre-market trading, indicating a positive outlook. Additionally, derivatives markets are experiencing a decrease in risk exposure, while speculative flows are increasing in alternative cryptocurrencies.