The Bitcoin price, currently at $78,420.27, has risen to approximately $77,700, representing a 1.8% increase since midnight UTC, following a rebound from the $75,650 level. This rebound marks 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 towards the $80,000 mark.
Meanwhile, Ether is trading at $2,344, displaying more bearish signals than Bitcoin due to a series of lower highs since April 17. The overall market is experiencing an uptrend as US investors await the earnings reports of major tech companies, including Alphabet, Microsoft, Amazon, and Meta, all scheduled to report after the market closes on Wednesday. Nasdaq 100 futures are up 0.25% in pre-market trading, and the derivatives market is seeing a shift in positioning.