analysis

Analysis: Bitcoin consolidation may come to an end, and the dialogue between Trump and Musk, along with FTX compensation, will inject volatility into the market

ChainCatcher news, according to CoinDesk, as Bitcoin prices continue to fluctuate below the $100,000 mark, several important events this week may bring volatility to the cryptocurrency market. FTX will initiate the first round of creditor payouts this week, targeting convenience creditors with claims not exceeding $50,000, who will receive full principal and 9% annual interest compensation. 10x Research founder Markus Thielen stated that the total payout for this round is approximately $1.2 billion, which is relatively limited in scale.Mena Theodorou, co-founder of the crypto trading platform Coinstash, expects that some of the payout funds will flow into the Solana ecosystem. He stated, "Considering FTX's previous significant investments in SOL and the Solana ecosystem, along with SOL's over 500% increase in the past year and the continuously growing on-chain activity and developer numbers, these funds are likely to flow back into the network."Other important events that the market is paying attention to include:Trump will have a conversation with Tesla CEO Elon Musk on Fox News on February 19, expected to involve topics such as cryptocurrency policy and regulation;The Federal Reserve will release the minutes from the January meeting on February 20, with the market focusing on inflation data and interest rate policy direction;The Consensus Hong Kong conference will open on Tuesday, expected to attract thousands of participants from over 90 countries.
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