The Consumer Price Index (CPI) report for May 2024 will be published on June 12 at 12:30 UTC. Experts expect a 3.4% increase compared to the previous year or a 0.3% increase compared to the previous month.

If the figure is lower, it would signal a slowdown in inflation, increasing the likelihood of cryptocurrency growth.

If higher, it would signal that inflation is still a concern, increasing the likelihood of cryptocurrency decline.