As Bitcoin (BTC) continues to frustrate merchants with a mediocre price action below $ 100,000, here are key events this week that could rekindle market activity.
FTX payment
FTX, previously the third exchange of larger digital assets in the world, will begin to begin its first round of creditors after going at the end of 2022. First there are the creditors of convenience class, those who do not claim more than $ 50,000, that will receive a total payment and a 9% annual interest after the petition.
While optimism is high that recipients will turn this money in the market, raising valuations in all areas, not everyone agrees.
“FTX will distribute approximately $ 1.2 billion to the creditors of the convenience class,” said Markus Thielen, a 10X Research founder, in a client note on Monday. That amount is “too small to move the needle.”
Thielen said that only $ 7 billion of the remaining $ 10.5 billion assigned to larger creditors could be available for a possible cryptographic investment and, in addition, 50% of the $ 7 billion could return to the market. Thielen explained that this could result in a net ticket of more than $ 3 billion, which is just a month of net tickets in the Bitcoin market.
Mena Theodorou, co -founder of Crypto Exchange Coastash, hopes that small creditors will put some money in Solana.
“The historical investments of FTX in Sol and the Solana ecosystem make it likely that some of these funds return to the network, especially because Sol has been a prominent performance, increasing more than 500% in the last year, with a strong activity In chain and developer the growth that continues to feed the demand, “Thoedorou said in an email, adding that Sol could exceed the broader market.
Trump-Musk call
The president of the United States, Donald Trump, and the billionaire investor, Elon Musk, will sit with Fox News Sean Hannity, announced the network on Friday. The discussion will probably focus on issues that include policy, tariffs, immigration and potentially digital assets, all of which could generate market volatility.
“Trump will talk in an exclusive interview with Elon Musk in Fox News on February 19, only one day before the FOMC meeting on February 20,” Theodorou de Coastash said. “Given Trump’s growing alignment with the close links of Crypto and Musk with space, this interview could boost market volatility, particularly if they touch the policy, regulation or institutional adoption.”
Recently, the Trump administration said it would evaluate the viability of a strategic BTC reserve, disappointing the Bulls anticipating a quick action on the promise prior to the survey.
FOMC minute
On Wednesday he will bring the minutes of the January meeting of the Federal Reserve, when the Central Bank had stable interest rates. The bank said he was in no hurry to reduce rates and that he would like to see more progress in inflation.
It is likely that the acts repeat that message, especially as the CPI and the PPI for the month arrived hotter than expected, denoting the case for an impulse to reduce rates to the economy of the United States. In addition, Trump tariffs continue to increase the spectrum of inflation.
The operators will scan minutes to see if those in charge of formulating policies thought that the policy was restrictive, which would mean that the next movement could be a rate cut. However, if the acts suggest otherwise, we could see some volatility in the links that could weigh about risk assets, including cryptocurrencies.
Hong Kong consensus
The Hong Kong consensus, the three -day Coindesk cryptocurrency event and the block -centered event will begin on Tuesday, with a deep immersion in the Blockchain space and the web 3.
With more than 270 speakers and thousands of attendees from more than 90 countries, the three -day matter will probably offer a unique perspective on blockchain technology and investment of digital assets in Asia, the potentially moving market.
