Bitcoin, currently valued at $80,066.02, has risen to approximately $77,700, marking a 1.8% increase since midnight UTC, following a rebound from the $75,650 price point that previously acted as a resistance level during last week's rally. This rebound may signal 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 $80,000. Meanwhile, Ether (ETH) is trading at $2,344, exhibiting more bearish trends than bitcoin, characterized by a series of lower highs since April 17. The overall market is experiencing an uptrend as US investors await 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.
Nasdaq 100 futures are up 0.25% in pre-market trading, and derivatives positioning is notable, alongside significant discussions around token performance.