Bitcoin fell further on Tuesday amid profit-taking above the key $100,000 level, although optimism about the temporary trade truce between the United States and China continued to provide some support.

The world's largest cryptocurrency dropped by 1.9% to $102,363.0 by 8:03 AM.

The currency saw sharp gains last week as it surpassed the desired $100,000 level thanks to optimism about easing trade tensions. It reached over $105,000 last week.

However, investors took profits ahead of key US inflation data scheduled to be released later in the day.