#TrumpBitcoinEmpire

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

Bitcoin had reached record levels exceeding $123,000, while altcoins also surged with cryptocurrency supporters celebrating the U.S. government's approval of key regulation for cryptocurrencies. Additionally, Bitcoin received support following the revelation by President Donald Trump's company, Trump Media & Technology Group Corp (NASDAQ:DJT), about a $2 billion reserve of this cryptocurrency.

However, this increase appeared to be fading by Tuesday, as Bitcoin drastically retreated from recent record levels. Other altcoins also reported some losses after strong gains in previous sessions.