Bitcoin traded around $78,524 on Tuesday, down 0.72%, while the Dow Jones Industrial Average fell 1.15% to 52,799.37. According to NS3.AI, markets also priced in a roughly 57% chance of a Federal Reserve rate increase at its September 15-16 meeting.

Oil prices moved toward $100 a barrel as fresh U.S.-Iran hostilities in the Strait of Hormuz added to market pressure.