For the second consecutive day, the cryptocurrency market experienced a decline on Tuesday, with both bitcoin and ether losing approximately 0.75% since midnight UTC. This downturn follows bitcoin's failure to break through the $80,000 resistance level on two occasions over the past week, the most recent attempt occurring during Monday's Asian trading hours. The enthusiasm from last week's significant jump from $70,000 to $79,500 is starting to wane as several key indicators turn bearish, including the Coinbase Premium index, which has flipped negative, signaling dwindling demand from U.S.
investors. U.S.
stock markets are also anticipated to open lower on Tuesday, with Nasdaq 100 futures down 0.5% since midnight UTC, while the U.S. dollar index has risen by 0.25%. The stalled peace negotiations between Iran and the U.S.
continue to influence traditional markets, with Brent crude oil now consistently above $105 per barrel. Additionally, derivatives positioning is also being closely watched.