Bitcoin, currently valued at $80,893.49, has risen to approximately $77,700, marking a 1.8% increase since midnight UTC, following a rebound from the $75,650 level, which previously acted as a resistance point during last week's price surge. This rebound indicates a potential shift towards a bullish trend, with $75,650 now serving as a critical support level, essential for bitcoin's potential push towards the $80,000 threshold. Meanwhile, Ether (ETH) is trading at $2,344, with its chart exhibiting more bearish tendencies than bitcoin, characterized by a series of lower highs since April 17. The overall market is experiencing an uptrend, driven by anticipation of upcoming tech company earnings, including those of Alphabet (GOOG), Microsoft (MSFT), Amazon (AMZN), and Meta (META), all scheduled to report after the market close on Wednesday.
Nasdaq 100 futures are up 0.25% in pre-market trading, and derivatives markets are seeing adjustments in positioning, while memecoins are attracting speculative interest.