#TrumpBitcoinEmpire

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

Bitcoin had surged to record levels exceeding $123,000, while alternative coins 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 surge 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.