Bitcoin prices have fallen from a peak of more than $126,000 in October to under $64,000 as of Thursday afternoon.

Bitcoin fell below $73,000 on Tuesday as investors sold the asset to hedge against heightened geopolitical and economic uncertainties.

Bitcoin prices have fallen from a peak of more than $126,000 in October to under $64,000 as of Thursday afternoon.

Some market analysts have suggested bitcoin could fall further, potentially hitting between $40,000 to $50,000.