Japan's consumer index fell for the third consecutive month in May, raising concerns about household spending and economic momentum.
Weak consumption data could prompt the Bank of Japan to adopt a more cautious policy stance, potentially benefiting Bitcoin as investors seek alternative assets.
Inflation continues to erode purchasing power, with durable goods fluctuating and non-durable goods facing inflationary pressures.
Amid concerns over consumption, the BoJ's stance on monetary policy could impact Bitcoin's performance, potentially attracting fresh capital flows into the crypto market.