Thursday, December 14, 2017

© Reuters.  © Reuters.

Investing.com – Bitcoin prices fell for the second day in row dipping below $4,200 for the first time in five days while Bitcoin Cash suffered a 10% slump falling to a three-week low.

On the U.S.-based Bitfinex exchange, bitcoin fell to $4,193.4, down $117.2, or 2.72%. Bitcoin is more than 20% below its recent peak of $4,969 with a market cap of about $70 billion.

Bitcoin prices have retreated since hitting a five-week highs earlier during the week as the popular digital currency has struggled to extend its post-China ban amid uptick in regulatory activity.

Meanwhile, Goldman Sachs CEO Lloyd Blankfein on Tuesday was the latest Wall Street leader to comment on Bitcoin but unlike his counterparts at JP Morgan and Morgan Stanley, he opted to keep his view on the prospect of cryptocurrency closely guarded.

In a tweet, Blankfein said he was “still thinking” about Bitcoin, insisting that he has not reached a conclusion to endorse or reject Bitcoin.

In other cryptocurrency news, Bitcoin Cash fell 10.67%, to $358.20, while Ethereum, the second largest cryptocurrencies by market cap, added 0.23% to $292.35.

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