The crypto market fell for a second day on Tuesday with bitcoin and ether (ETH) both losing around 0.75% since midnight UTC.
The decline comes after bitcoin twice failed to break above the $80,000 level of resistance over the past week, with the most recent attempt occurring during Asian hours on Monday.
The jubilation from last week’s jump to $79,500 from $70,000 is beginning to subside as several key price indicators flip bearish, including the Coinbase Premium index flipping negative, a signal of waning demand from U.S. investors.
U.S. equities are also set to open down on Tuesday with Nasdaq 100 futures trading 0.5% lower since midnight UTC while the U.S. dollar index (DXY) is up by 0.25%.
Stalled peace talks between Iran…
