$BNB

Bitcoin fell on Tuesday, leading a decline in the broader cryptocurrency market 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 alternative cryptocurrencies also rose as cryptocurrency supporters celebrated the U.S. government's approval of a major regulatory framework 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 alternative cryptocurrencies also recorded some losses following strong gains in recent sessions.

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