Bitcoin's recent forays into price territory above $4,000 have been beaten back over the holiday, putting the bulls under pressure to regain momentum.
The cryptocurrency had peaked to around $4,140 on Dec. 21, then to over $4,200 on Dec. 24, but dropped sharply back to around $3,720 early yesterday. A small bullish bounce since has now subsided and, at press time, bitcoin is changing hands at $3,762, as per CoinDesk data.