The cryptocurrency market has experienced a decline for the second consecutive day, with bitcoin and ether both dropping approximately 0.75% since midnight UTC, currently trading at $76,206.94 and respectively. This downturn follows two unsuccessful attempts by bitcoin to break through the $80,000 resistance level over the past week, with the most recent attempt occurring during Monday's Asian trading hours. The enthusiasm from last week's significant price surge from $70,000 to $79,500 is starting to wane, as several key indicators have turned bearish, including the Coinbase Premium index, which has flipped negative, signaling decreased demand from U.S. investors.
U.S. equities are also expected to open lower, 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 trading above $105 per barrel. The derivatives market is also experiencing shifts in positioning, reflecting the cautious sentiment among traders.