#TrumpBitcoinEmpire

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

Bitcoin had risen to record levels exceeding $123,000, with alternative coins also rising as cryptocurrency supporters celebrated the U.S. government passing 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 seemed to be waning by Tuesday, as Bitcoin sharply retreated from recent record levels. Other alternative coins also recorded some losses after strong gains in recent sessions.