Bitcoin, currently valued at $80,235.26, has risen to approximately $77,700, marking a 1.8% increase since midnight UTC, following a rebound from the $75,650 threshold that previously acted as a resistance point during the prior week's rally. This rebound indicates a potential bullish trend, with $75,650 now serving as a critical support level that could play a pivotal role in bitcoin's potential push beyond $80,000.
Meanwhile, Ether is trading at $2,344, displaying a more bearish pattern than bitcoin, characterized by a series of declining highs since April 17. The overall market is experiencing an uptick as US investors await the release of earnings reports from prominent tech companies, including Alphabet, Microsoft, Amazon, and Meta, all scheduled to report after the market closes on Wednesday.
Nasdaq 100 futures have also seen a 0.25% increase in pre-market trading, and derivatives positioning is noteworthy, with investors keeping a close eye on token performance.