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

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

Bitcoin prices have declined significantly, and some analysts warn of more pain ahead.

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.