Investing.com - Bitcoin prices fell back below the key $4,000-level on Tuesday, as an impressive relief rally from last week's heavy losses appeared to ebb.
Bitcoin was last down about $125, or around 3%, at $3,959.60 by 9:40AM ET (1340GMT).
It rallied by more than 11% on Monday in an impressive bounce back from last week's heavy losses.
The digital currency lost more than $1,000 in value last week and dropped below $3,000 per coin for the first time in over a month, with the sell-off driven in large part by fears of China cracking down on the market as well as a warning from JPMorgan (NYSE:JPM) CEO Jamie Dimon that bitcoin was a "fraud".
Despite the recent fall, the digital currency is still enjoying a remarkable year, with prices up almost 350% since the start of the year, beating just about every other asset class.
Ethereum, Bitcoin's closest rival in terms of market cap, shed 3.3%, or $9.90, to $286.92.
Other prominent cryptocurrencies such as Bitcoin Cash, Ripple and Litecoin also traded lower.
The total value of all publicly traded cryptocurrencies was approximately $136 billion.