On Tuesday, the cryptocurrency market experienced its second consecutive day of decline, with both bitcoin and ether dropping approximately 0.75% since midnight UTC, trading at $75,850.41 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 from last week's significant price surge from $70,000 to $79,500 is starting to wane as several key price indicators turn bearish.
Notably, the Coinbase Premium index has flipped negative, signaling a decrease in demand from U.S. investors. U.S. equities are poised to open lower on Tuesday, with Nasdaq 100 futures down 0.5% since midnight UTC, while 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 token market trends are being closely monitored.