For the second consecutive day, the cryptocurrency market experienced a downturn on Tuesday, with both bitcoin and ether dropping approximately 0.75% since midnight UTC. This decline follows bitcoin's inability to surpass the $80,000 resistance level over the past week, with the latest attempt occurring during Monday's Asian trading hours. The enthusiasm from last week's significant price surge, from $70,000 to $79,500, is gradually subsiding as key indicators turn bearish, including the Coinbase Premium index, which has flipped negative, signaling dwindling demand from US investors. Meanwhile, US equities are poised to open lower, with Nasdaq 100 futures down 0.5% and the US dollar index up 0.25%.
The stalled peace negotiations between Iran and the US continue to influence traditional markets, causing Brent crude oil to rise above $105 per barrel. Additionally, derivatives positioning and market trends are being closely monitored.