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. 

Dollar tilted lower against yen in Asian trade off December 4 highs for the second session, following earlier data from Japan and ahead of US inflation data later today. 

As of 05:40 GMT, USD/JPY shed 0.19% to 113.11, with an intraday low at 113.01, and a high at 113.35. 

Earlier Japanese data showed M2 money stock rose 2.3%, slowing down from 2.7% in October, while a key index tracking manufacturing receded to 5.5 from 6.5 in the previous quarter. 

Now investors await US producer prices data, expected with no change in November, compared to a 0.6% increase in October. 

Core producer prices are estimated with a 0.1% increase, slowing down from 0.5%, while expected with a 2.5% yearly increase, down from 2.6%. 

Litecoin tilted higher on Tuesday above $25 on limited short-covering after sustaining heavy losses recently. 

As of 07:22 GMT, Litecoin rose 0.91% to $25.004, with an intraday high at $25.250, and a low at $24.503. 

Litecoin gained modest ground today after tumbling 5% at the start of the week on the tails of marking the fourth weekly loss in five last week, while plumbing 1-1/5 year lows on Friday amid a crypto selloff storm that forced Litecoin into its seventh monthly loss in a row in November, the longest such streak of losses since the first half of 2015. 

The Group of 20 has pledged earlier this month after the Argentinean summit to regulate crypto trading in order to combat money laundering and terrorism funding. 

Last month, International Monetary Fund head Christine Lagarde suggested on global central banks and their respective governments the possibility of issuing their own digital currencies to make them more stable and controlled and accessible for all sectors instead of the current mayhem in that market. 

Lagarde believes that payments through digital currencies would be instant, safe, and cheap, and while they would be anonymous, central banks will keep a database of all payments, cutting out fraud and money laundering operations. 

The Path of Litecoin

Litecoin was first publicly offered in the first half of 2013 at only $3, marking record lows at below $1 in early 2015 before taking off on its long and spotted journey higher. 

The cryptocurrency pierced $100 for the first time on November 29, 2017, before scaling a record high at $370.78 on December 19, and plummeting back below $100 on June 12, before marking 1-1/5 year lows recently at $22.54. 

The National Shipping Company of Saudi Arabia (Bahri) board of directors has recommended the distribution of cash dividend for the fiscal year 2018, at SAR 1.5 per share (15% of stock’s par value), totaling SAR 590.625 million.

Shareholders of record till the close of trading on the second day after the date of holding the upcoming ordinary general meeting will be eligible for the dividend distribution.

 The company earlier distributed SAR 590.625 million dividends for the fiscal year 207.

Bahri had generated SAR 81.3 million net profit for the third quarter of 2018, compared with SAR 60.5 million in prior-year period.