Bitcoin bounces as big tech earnings fuel optimism; short-term pressures remain

Bitcoin bounces as big tech earnings fuel optimism; short-term pressures remain

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enCrypto Daybook AmericasShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin bounces as big tech earnings fuel optimism; short-term pressures remainYour day-ahead look for May 1, 2026By Francisco Rodrigues|Edited by Sheldon Reback May 1, 2026, 11:15 a.m. 3 min readMake preferred on (Matcuz/Pixabay)What to know: Bitcoin climbed to about $77,400 alongside a broader rebound in risk assets after strong earnings from major U.S. tech companies bolstered sentiment.Despite the bounce, analysts say crypto remains under short-term pressure from reduced rate-cut expectations, spot bitcoin ETF outflows and heightened geopolitical risk, particularly around oil and the Strait of Hormuz.Traders are focused on the $80,000 resistance level for bitcoin and changes at the Federal Reserve.This is an excerpt f

Source: https://www.coindesk.com/daybook-us/2026/05/01/bitcoin-bounces-as-big-tech-earnings-fuel-optimism-short-term-pressures-remain