Here's how analysts see U.S. inflation influencing bitcoin

U.S. inflation is due at 8:30 a.m. ET. Economists surveyed by Dow Jones estimated September’s consumer price index rose 0.6% month-on-month and 3.6% year-on-year. Core CPI, which excludes volatile food and energy prices, is forecast to increase 0.2% from August and 2.5% annually. The numbers are widely watched for cues on how the Federal Reserve might respond with interest rates. For bitcoin, the focus will be less on the headline number alone and more on how the report reshapes Fed interest-rate policy expectations.