The price of Bitcoin has fallen on Tuesday, unable to maintain its position above $79,000 for the third time in eight sessions, thus establishing this level as a defining factor in its current range. On Tuesday morning, Bitcoin was valued at $76,923, marking a 2.4% decline over the previous 24 hours, following a climb to $79,399 on Monday that was subsequently reversed.
Other major cryptocurrencies such as Ether, XRP, Solana, and BNB also experienced significant declines, with the exception of TRON and DOGE. The rise in Brent crude oil to over $109 per barrel, its seventh consecutive day of increase, is attributed to the failure of Iran's proposal to reopen the Strait of Hormuz. The global market is awaiting the US Federal Reserve's policy decision on Wednesday, as well as key tech earnings reports from major companies like Alphabet, Microsoft, and Apple, which could potentially impact Bitcoin's price movement.