Cryptocurrencies declined during Tuesday's trading session as investors took profits after yesterday's strong rally, fueled by optimism about the possibility of a regulatory framework for the sector in the United States.
Bitcoin fell 2.08% to $117,487,000 at 8:28 a.m. Mecca time, according to Coinbase data, after crossing the $123,000 level for the first time yesterday.
Ripple also fell 1.66% to $2.88, Ethereum fell 0.83% to $2,973.27, Dogecoin fell 2.91% to $19.22, and the official Trump coin also fell 1.97% to $9.191.
This follows the rise in cryptocurrencies over the past few days, despite the continued impact of Trump's tariff policies on market sentiment.
This week, the US Congress is considering three pieces of legislation aimed at establishing a clear regulatory framework for cryptocurrencies to protect consumers and investors, supporting Trump's agenda and his goal of making the United States the global capital for these assets
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