According to BlockBeats, on June 12, market data indicated a general rise in altcoins following the announcement of the Consumer Price Index (CPI).
Among the altcoins, SYN experienced a 24-hour increase of 49%, with its current price standing at 0.8 USD. IO also saw a significant rise, with a 24-hour increase of 41%, and its current price at 4.94 USD. BAKE's 24-hour increase was 21%, with its current price at 0.37 USD.
INJ and NOT also experienced increases in their 24-hour span, with INJ increasing by 17.5% to a current price of 31.95 USD, and NOT increasing by 16.7% to a current price of 0.018 USD. Lastly, STX saw a 24-hour increase of 12.4%, with its current price at 2.37 USD.
This broad market rise of altcoins comes in the wake of the CPI announcement, indicating a potential correlation between the two events.
