Due to profit-taking operations

Federal Reserve Chairman Jerome Powell speaks later today

•The market awaits more evidence about US interest rate cuts

The prices of the digital currency "Bitcoin" declined during Monday's trading, continuing its losses for the second day in a row, moving away from the highest level in two months, with the continuation of correction and profit-taking operations, and after the decline in the chances of cutting US interest rates by about 50 basis points next November.

In order to re-evaluate the pricing of these possibilities, traders are awaiting the speech of Federal Reserve Chairman "Jerome Powell" later today within one of the economic events, which is expected to comment on the inflation battle and the future of interest rates in the United States.

Price view

•Bitcoin price today: On the "Bitstamp" exchange, the price of the digital currency "Bitcoin" decreased by about ($2,346), equivalent to about 3.6% to ($63,259), from the opening price of today's trading at ($65,605), and recorded the highest level At $65,634.

•Bitcoin prices settled down about 0.5% on Sunday on the Bitstamp exchange, their first loss in four days, after hitting a two-month high of $66,508 per token on Friday.

•Bitcoin prices rose 3.25% last week

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