#TrumpBitcoinEmpire

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

Bitcoin had risen to record levels exceeding $123,000, and alternative currencies also increased 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 surge appeared to be waning by Tuesday, as Bitcoin sharply retreated from recent record levels. Other alternative currencies also recorded some losses after strong gains in recent sessions.