As Bitcoin (BTC) continues to frustrate the traders with defective price action below $ 100,000, here are key events this week that can reintroduce market activity.
FTX payout
FTX, formerly the world’s third largest digital activation exchange, is set to begin its first round of credit payments after 9% annual interest rate after the petition.
While optimism is high for the recipients to rotate this money on the market and lift valuations everywhere, not everyone agrees.
“FTX will distribute approximately $ 1.2 billion to convenience class -creditors,” Markus Thielen, founder of 10x research, said in a note to clients on Monday. This amount is “too small to move the needle.”
Thielen said only $ 7 billion from the remaining $ 10.5 billion awarded to larger creditors that could be available for potential cryptoin investments, and further, only 50% of $ 7 billion could return to the market. Thielen explained that it could result in a net flow of over $ 3 billion, which is only one month of net flow to the Bitcoin market.
Mena Theodorou, co -founder at Crypto Exchange Coinstash, expects small creditors to put some money in Solana.
“FTX’s historic investments in Solana ecosystem make it likely that some of these funds will flow back to the network, especially since Sol has been a prominent artist and rises over 500% in the past year, with strong activity on the chain and developer Growth continues to fuel demand, ”Thoedorou said in an E email, adding that sun could potentially surpass the wider market.
Trump-Musk Call
US President Donald Trump and billionaire investor Elon Musk will sit down with Fox News host Sean Hannity, announced the network on Friday. The discussion is likely to be focused on questions including politics, customs, immigration and potentially digital assets that everyone could breed market volatility.
“Trump is ready to speak in an exclusive interview with Elon Musk about Fox News on February 19 – just one day before the FOMC meeting on February 20,” Coinstash’s Theodorou said. “Given Trump’s increasing adaptation to crypto and musk’s close ties to space, this interview could drive market volatility, especially if they touch on politics, regulation or institutional adoption.”
Recently, the Trump administration said it would evaluate the feasibility of a strategic BTC reserve that disappointed Bulls who expect rapid action on the pre-towel.
FOMC minutes
Wednesday will bring the protocol from the Federal Reserve’s January meeting as the central bank kept interest rates stable. The bank said it was not busy reducing the rates and would like to see more progress with inflation.
The protocol is probably repeating this message, especially when CPI and PPI came warmer than expected for the month, as the case for a reduction in reduction increases became for the US economy. Plus, Trump’s customs duties continue to raise the ghost of inflation.
Dealers will scan minutes to see if decision makers thought the policy was restrictive, which would mean the next move can still be a rate. But if the minutes suggest otherwise, we could see some volatility in bonds that could potentially weigh on risk assets, including cryptocurrencies.
Consensus Hong Kong
Consensus Hong Kong, Coindesk’s three-day cryptocurrency and blockchain-focused event, starts on Tuesday with a deep dive into the blockchain and the web 3 room.
With more than 270 speakers and thousands of participants from over 90 countries, the three-day affair is likely to offer a unique perspective on blockchain technology and digital asset investment in Asia, potentially moving markets.
