#TrumpBitcoinEmpire

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the broader cryptocurrencies where the sector witnessed some profit-taking after an astonishing rise over the past two weeks.

Bitcoin had risen to record levels exceeding $123,000, and alternative currencies also rose as cryptocurrency supporters celebrated the U.S. government's approval of major regulations 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 of this cryptocurrency.

However, this rise seemed to be depleting by Tuesday, as Bitcoin sharply retreated from recent record levels. Other alternative currencies also recorded some losses after strong gains in recent sessions.