Cryptocurrency markets will continue to keep a close eye on U.S. economic data, especially several key releases, although only a few of them are likely to have a significant impact on Bitcoin.

Bitcoin is still struggling to break through the $64,000 mark. The most important economic data this week is the U.S. Consumer Price Index for September

(CPI), will be released on October 10. The Fed's interest rate policy is highly dependent on inflation data. Overall inflation is expected to rise by 0.1% month-on-month, and core CPI may rise by 0.2%. If the data is better than expected, it may dampen market expectations for a rate cut by the Federal Reserve and reduce the possibility of further Bitcoin gains.

Also due out this week is the Producer Price Index (PPI), which measures inflationary pressures at the wholesale level. If PPI rises significantly, it indicates an increase in production costs, which may have a negative impact on cryptocurrency mining costs.

Thursday's initial jobless claims data are also in focus. Last week's employment report showed that the United States added 254,000 jobs and the unemployment rate dropped to 4.1%, which provides support for the economy to achieve a soft landing.

The third-quarter earnings season begins this week, with earnings releases from financial giants such as JPMorgan Chase, Wells Fargo and BlackRock also likely to affect sentiment. It is also evaluating whether the Fed may cut interest rates too early, especially if inflation is not yet fully under control. $BTC