New York: Bitcoin fell on Thursday after rallying in the previous session, as investors locked in some profit at the seven-week peak, while the token remained supported by signs of easing trade tensions between the U.S. and its key trading partners.

According to Azeri-Press News Agency, the world's largest cryptocurrency fell by 1.2% to $92,575.3 by 02:35 ET (06:35 GMT). This decline comes after Bitcoin surged by nearly 7% past $94,000 on Wednesday, reaching its highest level since early March.

Investors appear to be taking advantage of the recent surge to secure profits, although the cryptocurrency market continues to be influenced by geopolitical factors, particularly the trade dynamics between major global economies. Bitcoin's recent performance highlights the volatility that often characterizes the cryptocurrency market.