Bitcoin fell back below the key $110,000 level as it struggled to make a sustained recovery in the wake of a recent selloff in cryptocurrencies.
The cryptocurrency appreciated modestly in the previous session, briefly rising above $110,000 but has since reversed those gains.
Bitcoin and other cryptocurrencies have recently been hit by concerns about renewed U.S.-China trade tensions. Bitcoin has also been on a downward trend since hitting a record high of $126,223 in early October.
Bitcoin last traded down 2.7% at $108,076, though it remains above Friday’s near four-month low of $103,659, LSEG data show.