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The cryptocurrency market is currently grappling with one of its toughest bear phases, and many altcoin investors appear to be losing hope. While those who invested solely in Bitcoin 
$103,328 have managed to capitalize on favorable price movements since hitting a low of $15,500, the outlook for the coming week remains uncertain.
FTX Payments and Altcoins
Bitcoin continues its muted performance, but one positive development is the anticipated start of FTX payments. These payments are expected to begin around February 18, with the FTX bankruptcy committee offering annual interest rates of 9% for investors with balances up to $50,000. Although altcoins may promise higher potential returns, this could be the only chance for victims to recover their losses.
After the collapse of FTX, many assets were liquidated at low prices. Some of the payments to convenience class creditors may return to altcoins. The optimistic sentiment among victims, fueled by Trump’s pro-crypto stance and other factors, suggests that many still consider themselves crypto investors.
Trump, Musk, and the Fed
This Tuesday, just a day before the Fed’s minutes release, Trump and Musk are set to appear in an interview on Fox News. Trump previously showed significant interest in cryptocurrencies during the election period, and his recent actions indicate he is still engaged in this arena. The potential for volatility is high, especially if their views on cryptocurrencies differ during the interview.
Additionally, the January FOMC minutes will be released, raising questions about the Fed’s signals, especially given their decision not to lower interest rates. With recent consumer and producer price index data rising, the details surrounding the PCE data will be critical in shaping market sentiment.
