#TrumpBitcoinEmpire

Bitcoin fell on Tuesday, leading a decline in broader cryptocurrency prices as the sector experienced some profit-taking after a remarkable rise over the past two weeks.

Bitcoin had surged to record levels exceeding $123,000, and altcoins also rose as cryptocurrency supporters celebrated the U.S. government's approval of a major regulation for cryptocurrencies. Bitcoin also received support after President Donald Trump's tech company, Trump Media & Technology Group Corp (NASDAQ:DJT), disclosed a reserve of $2 billion in this cryptocurrency.

However, this rise appeared to be waning by Tuesday, as Bitcoin sharply retreated from recent record levels. Other altcoins also recorded some losses after strong gains in recent sessions.