Bitcoin fell on Tuesday, leading a decline in the broader cryptocurrency prices as the sector experienced some profit-taking after a stunning rise over the past two weeks.
Bitcoin had surged to record levels exceeding $123,000, while alternative currencies 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 technology company, Trump Media & Technology Group Corp (NASDAQ:DJT), disclosed a reserve of $2 billion in this cryptocurrency.
However, this rise seemed to be running out by Tuesday, as Bitcoin sharply retreated from recent record levels. Other alternative currencies also recorded some losses after strong gains in recent sessions.
