Ethereum declines for second day alongside most cryptocurrencies

Ethereum fell on Thursday for the second session as most cryptocurrencies lose steam on weak investment demand and lack of incentives to buy. 

At Bitstamp, Ethereum fell $2, or 1.0% to $201, with an intraday high at $205, and a low at $200. 

Ethereum fell 1% on Wednesday, the first loss in three days away from week highs at $219. 

Market value of cryptocurrencies fell a billion dollars to $210 billion. 

A long-standing selloff wave is slowly taking over cryptocurrencies once more as risk appetite all but vanishes in the market. 

Reuters reported that investment giant Barclays, which has $1.1 trillion in assets, is putting off plans for a crypto trading office due to regulatory uncertainty and lack of interest from clients as the crypto market faces a violent selloff.