Bitcoin and other cryptocurrencies were falling on Monday, continuing a pullback from last week’s record highs as traders were weighing the likely path for the Federal Reserve.

Bitcoin (BTCUSD) prices fell Monday as investors continued to take profits after the token hit record highs last week. The token, which hit a record high of $124,500 early Thursday, was down around 2% at about $115,

Crypto and tech stocks had been riding high over the past week as the prospect of more interest rate cuts grew after the U.S. posted soft inflation data. Bitcoin h