Bitcoin Stagnates Below $100K, But These Events Could Shake Up Crypto This Week
The crypto market has been uneventful in recent weeks, with Bitcoin (BTC) struggling to break past $100,000. However, several key events—FTX creditor payouts, a Trump-Musk interview, Federal Reserve meeting minutes, and Consensus Hong Kong—could inject fresh volatility into the market.
FTX Repayments: Will the Market See a Boost?
FTX is set to begin distributing funds to creditors, marking a major step in the exchange’s long-awaited bankruptcy resolution. The first round of payments will go to Convenience Class creditors (those owed up to $50,000), who will receive full repayment with 9% annual interest.
While some traders expect these funds to flow back into the crypto market, 10x Research founder Markus Thielen believes the immediate impact will be minor.
“The first batch of payouts is worth about $1.2 billion, which won’t significantly impact market liquidity,” Thielen noted. “Larger creditors could receive up to $7 billion, but even if half of that is reinvested in crypto, it’s equivalent to just one month’s worth of Bitcoin inflows.”
One potential winner from the FTX payouts? Solana (SOL). Given FTX’s previous ties to the Solana ecosystem, Coinstash co-founder Mena Theodorou expects some of the refunded capital to find its way back into SOL, which has already surged over 500% in the past year.
Trump-Musk Interview: Crypto Policy in the Spotlight?
A highly anticipated Fox News interview between Donald Trump and Elon Musk could generate buzz in the crypto space. Hosted by Sean Hannity, the discussion will likely focus on politics, economic policies, and possibly digital assets.
“Trump has become increasingly vocal about Bitcoin and crypto regulation, and Musk has been a long-time supporter of digital assets,” Theodorou said. “Any bullish commentary from either of them could impact market sentiment.”
Trump has floated the idea of a U.S. Bitcoin reserve, but details remain unclear. Investors will be watching closely for any hints of policy changes that could influence institutional adoption.
FOMC Minutes: Will the Fed Hint at Rate Cuts?
On Wednesday, the Federal Reserve will release minutes from its January meeting, shedding light on future monetary policy. Recent hotter-than-expected inflation data (CPI & PPI) has led to speculation that the Fed might delay interest rate cuts.
If the minutes reinforce a hawkish stance, risk assets—including Bitcoin—could face downward pressure. However, any indications that the Fed is warming up to rate cuts could trigger bullish momentum in the crypto market.
Consensus Hong Kong: Industry Leaders Gather
One of the biggest blockchain conferences, Consensus Hong Kong, kicks off on Tuesday. With over 270 speakers and attendees from more than 90 countries, the event is expected to highlight emerging trends in Web3, institutional investments, and regulatory shifts in Asia.
Given Asia’s growing role in crypto adoption, announcements from the event could influence market sentiment, especially for regional tokens and blockchain projects.
Final Thoughts: A Week of Potential Market Movers
While Bitcoin remains range-bound below $100K, these events could serve as catalysts for renewed volatility. Whether it’s fresh liquidity from FTX payouts, regulatory signals from Trump and Musk, or shifts in Fed policy, traders should brace for potential market movement in the days ahead.
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