Bitcoin under pressure of weak investment demand

Bitcoin fell marginally on Tuesday on track for a second daily loss, as investment demand continues to be measly amid a lack of incentives to buy crypto assets, and with several regulatory concerns. 

At Bitstamp, Bitcoin fell $11, or 0.3% to $3,395, with an intraday high at $3,427, and a low at $3,370. 

Bitcoin lost 3.5% on Monday, the first loss in three days as a rebound from 15-month lows at $3,210 took a hiatus on US regulatory concerns. 

Market value of cryptocurrencies fell a billion dollars on Tuesday to a total of $109 billion. 

Bitcoin recently plumbed 15-month lows after the US SEC delayed a long-anticipated decision on enlisting Bitcoin exchange-traded funds to next year. 

Many institutional and traditional investors are growing ever more cautious of crypto trading due to regulatory issues, in turn hurting the market further. 

Crypto experts believe the current caution surrounding the market would dissipate if regulators around the world eased the grip, but that doesn't look likely so far.