Bitcoin sharpens decline, trading volumes fall anew

Bitcoin fell marginally on Wednesday for the third session as trading volumes thin out anew, while demand slows down amid a lack of incentives to propel investments. 

At Bitstamp, Bitcoin fell $10, or 0.3% to $3,575, with an intraday high at $3,629, and a low at $3,571. 

Bitcoin shed 0.2% on Tuesday, the second loss in a row on profit-taking off three-week highs at $3,711. 

Market value of cryptocurrencies fell half a billion dollars on Wednesday to a total of $121 billion.

Intercontinental Exchange CEO Jeffrey C. Sprecher said he expects the Bakkt platform to start operations later this year. 

That's a delay from the initial timeline in the first quarter of the year, as talks continue with the Commodity Futures Trading Commission. 

Otherwise, Tom Lee, a notable Wall Street analyst and crypto supporter, said he sees nine gradual improvements in the market that would prop up prices eventually.