Bitcoin resumed its decline on Tuesday as concerns around trade tensions between the U.S. and China returned to rattle traders following a brief reprieve on Monday.

The largest cryptocurrency

BTCUSD was trading down 3% at around $112,399 Tuesday afternoon, after falling to as low as $109,986 earlier in the session, according to Dow Jones Market Data. At that time, bitcoin was about 11% from its record high of $126,272, reached on Oct. 6. The crypto was still up 20.3% this year.