Traders are eagerly awaiting the US Consumer Price Index (CPI) data, which is crucial in understanding inflationary pressure.
Expectations are that the consumer price index will fall from 0.2% in August to 0.1% in September, with a year-over-year inflation rate of 2.3%.
The Core CPI, excluding energy and food costs, is anticipated to decrease to 0.2% from 0.3% in the previous month, while staying at 3.2% for the year.
The cryptocurrency market is holding its breath, with potential for a rise if inflation data is lower-than-expected, but risks of stronger selling pressure if it reflects a hotter level.