Bitcoin drops below $80,000 resistance, Ethereum declines simultaneously

Bitcoin and Ethereum prices fell by approximately 0.75% after Bitcoin failed twice to break through the $80,000 mark. A negative premium index on a certain exchange indicates weakened US demand. Activity in the crypto derivatives market has decreased, with open interest, trading volume, and liquidation volume all declining, while funding rates and options data reflect a cautious hedging attitude in the market. Overall, altcoins have underperformed Bitcoin, but certain coins, such as ApeCoin, which rose by 17%, still saw speculative gains.