The Zhitong Finance App learned that cryptocurrencies declined during the Asian trading session on Tuesday because market optimism about the progress of a key US regulatory bill subsided this week, while the prospect of rising interest rates put pressure on risky assets. Bitcoin, the largest cryptocurrency, once approached $80,000 during the US trading session, but fell back to around $77,600 at 12:30 Singapore time, a decrease of 1.9%; the second-largest cryptocurrency, Ether, fell 2.8%.

The Zhitong Finance App learned that cryptocurrencies declined during the Asian trading session on Tuesday because market optimism about the progress of a key US regulatory bill subsided this week, while the prospect of rising interest rates put pressure on risky assets. Bitcoin, the largest cryptocurrency, once approached $80,000 during the US trading session, but fell back to around $77,600 at 12:30 Singapore time, a decrease of 1.9%; the second-largest cryptocurrency, Ether, fell 2.8%.