The cryptocurrency market experienced its second consecutive day of decline on Tuesday, with both bitcoin and ether losing approximately 0.75% since midnight UTC. This downturn follows two unsuccessful attempts by bitcoin to surpass the $80,000 resistance level over the past week, the most recent being during Monday's Asian trading hours. The enthusiasm from last week's significant price surge from $70,000 to $79,500 is waning, as several key indicators have turned bearish, including the Coinbase Premium index, which has flipped negative, signaling a decrease in demand from U.S.
investors. Meanwhile, U.S. equities are poised to open lower on Tuesday, with Nasdaq 100 futures trading 0.5% lower since midnight UTC, and the U.S.
dollar index (DXY) has risen by 0.25%. Ongoing stalled peace negotiations between Iran and the U.S. continue to influence traditional markets, with Brent crude oil now firmly above $105 per barrel. Additionally, derivatives positioning and market sentiment are being closely monitored.