US economic events are poised to influence the crypto market this week, particularly after a quiet weekend where Bitcoin's (BTC) price struggled to surpass the $65,000 mark.
All eyes will be on the US labor market, a critical component of the Federal Reserve’s mandates for maximum employment.
The September ISM Manufacturing PMI is a key indicator of economic activity and will be crucial in assessing the health of the manufacturing sector. Analysts expect the manufacturing survey to print at 47.3 for September, a slight increase from August’s reading of 47.2.
The data will be released on Tuesday, October 1. According to 10X Research, there is a growing sense of anxiety leading up to this and subsequent releases.
