News on June 11

• U.S. Consumer Price Index (CPI): CPI data will be released on June 11 and is expected to impact inflation expectations, affecting Bitcoin's potential as a hedge against fiat currency instability. If CPI drops significantly compared to forecasts, it may reduce inflation pressure and cause Bitcoin to increase in value.

• CPI Forecast: Economists predict CPI inflation will rise to 2.5% year-over-year, potentially reversing the cooling trend and leading the Fed to be cautious about interest rate cuts.

• Impact of CPI on the crypto market: If CPI drops significantly, it may reduce inflation pressure and cause Bitcoin to increase in value. Conversely, if CPI rises higher than expected, it may create inflation pressure and make the cryptocurrency market more challenging.

Some other economic indicators from the U.S. that may affect the crypto market this week include:

• Initial jobless claims: Expected to be released on June 12 and may highlight labor market trends.

• Producer Price Index (PPI): Expected to be released on June 13 and may provide insights into future inflation.

• Consumer sentiment report: Expected to be released on June 13 and may impact Bitcoin prices by reflecting economic optimism or pessimism.