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 (NYSE:GS) 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 (NYSE:NYSE:MS), 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 whether 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.