The cryptocurrency market saw a decline for the second consecutive day on Tuesday, with both bitcoin and ether dropping approximately 0.75% since midnight UTC. This downturn follows bitcoin's inability to break through the $80,000 resistance level on two occasions over the past week, with the latest attempt occurring during Monday's Asian trading hours. The enthusiasm from last week's significant surge from $70,000 to $79,500 is starting to wane as several key indicators turn bearish, including the negative flip of the Coinbase Premium index, signaling dwindling demand from U.S.
investors. U.S. equities are set to open lower on Tuesday, with Nasdaq 100 futures down 0.5% and the U.S.
dollar index up 0.25% since midnight UTC. The stalled peace negotiations between Iran and the U.S.
continue to impact traditional markets, with Brent crude oil now steadily above $105 per barrel. Furthermore, derivatives positioning is also being closely watched.