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 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 price surge from $70,000 to $79,500 is starting to wane, as several key indicators have turned bearish, including the Coinbase Premium index, which has flipped negative, signaling decreased demand from US investors. US stock markets are also expected to open lower, with Nasdaq 100 futures down 0.5% since midnight UTC, while the US dollar index has increased by 0.25%.
The stalled peace negotiations between Iran and the US continue to impact traditional markets, with Brent crude oil now consistently above $105 per barrel. Additionally, derivatives positioning and market trends are being closely monitored.