As bitcoin (Btc) Continue to frustrate entrepreneurs with priceless prices below $ 100,000, here are the major events this week that can rule market activity.
FTX payout
FTX, formerly the world’s third-largest digital assets exchange, is set to begin its first round of creditor payouts after going bust in late 2022. First up are convenience class creditors, those claiming no more than $ 50,000, who will receive full repayment and a 9% annual interest in post-petition.
While the optimization is high as the recipients will rotate this money into the market, raising values throughout the board, not all of them agree.
“FTX will share approximately $ 1.2 billion in comfort class creditors,” Markus Thielen, founder of 10X Research, said in a note to clients Monday. That amount is “very small to move the needle.”
Thielen said that $ 7 billion from the remaining $ 10.5 billion allocated to larger creditors could be used for potential crypto investment and more, only 50% of $ 7 billion could return to the market. Thielen explained that it could result in a net inflow of over $ 3 billion, which is just a month of net inflows in the Bitcoin market.
Mena Theodorou, co-founder at the Crypto Exchange Coinstash, expects small creditors to put money on Solana.
“FTX’s historic investment in SOL and the Solana ecosystem is likely that some of these funds will be returned to the network especially since Sol has become a standout performer, rising by more than 500% last year, with a strong That on-chain and developer activity growth of continued fuel demand, “Thoedorou said in an email, Sol’s addition could potentially increase the broader market.
Musk-mukk called
U.S. president Donald Trump and Billion -Billions of investors Elon Musk will sit with Fox News host Sean Hannity, the network announced Friday. The discussion is likely to be focused on issues including politics, tariffs, immigration and potential digital possession, all of which can be a market volatility.
“Trump is set to speak in an exclusive interview with Elon Musk on Fox News on February 19 – just a day before the FOMC meeting on February 20,” Coinstash’s Theodorou said. “Due to Trump’s increasing alignment with the close contact of crypto and musk in the space, this interview can drive volatility to the market, especially if they hold policy, regulation, or institutional adoption.”
Recently, the Trump administration said it would review the Possibility of a Strategic BTC ReserveBulls failed to expect quick action to pre-poll promise.
FOMC minutes
Wednesday will take minutes of the January Reserve January Reserve meeting when the central bank takes interest rates. The bank said it was not in a hurry to cultivate rates and wanted to see more inflation development.
Minutes are likely to repeat that message, especially as the CPI and PPI for the month come in hotter than expected, the healing of the case for a reduction in the US economy rate. In addition, Trump’s tariffs continue to raise the ghost of inflation.
Traders will take a few minutes to see if policy manufacturers think the policy is strict, which means the next move can be a cutting rate. However, if the minutes suggest otherwise, we will see some volatility on the bonds that can be weighed at risk ownership, including cryptocurrencies.
Consensus Hong Kong
Consensus Hong KongCoinDesk’s three-day cryptocurrency- and blockchain-focused event, will begin on Tuesday, featuring a deep dive in the blockchain and web 3 space.
With more than 270 speaking and thousands of attendees from over 90 countries, the three-day romance is likely to offer a unique view of blockchain technology and digital assets investing in Asia, that potentially moving market.
