On Tuesday, the cryptocurrency market experienced its second consecutive decline, with bitcoin and ether dropping by approximately 0.75% since midnight UTC, currently standing at $75,963.20 for bitcoin. This downturn follows two unsuccessful attempts by bitcoin to surpass the $80,000 resistance level over the past week, the most recent of which occurred during Asian trading hours on Monday. The enthusiasm that followed last week's significant jump from $70,000 to $79,500 is starting to wane as several key price indicators are now bearish, including the Coinbase Premium index, which has turned negative, signaling a decrease in demand from US investors.
US equities are also poised to open lower on Tuesday, with Nasdaq 100 futures down 0.5% since midnight UTC, while the US dollar index has risen by 0.25%. The stalled peace negotiations between Iran and the US continue to influence traditional markets, and the price of Brent crude oil has surpassed $105 per barrel.
Additionally, derivatives positioning and market trends are being closely monitored.