Bitcoin
Continued its gentle increase on Wednesday when Fannie Mae and Freddie Mac – who play a key role in the issuance of priority loans to US homeowners – was ordered by William Gritte, director of Federal Housing Finance Agency (FHFA)To prepare to accept cryptocurrencies as part of the applicants’ assets.
Back over $ 107,000, the top cryptocurrency has increased by 2.2% over the past 24 hours and surpasses Coindesk 20s 0.5% advance. Bitcoin Cash
was a remarkably better than 7.4%rose 7.4%.
Alongside, BTC’s dominance continues, now with almost 66% of the total crypto market value, now parked in the orange coin, up from 39% in November 2023.
Today’s relocation may be partly due to FHFA director William StoTe, who shares on social media that borrowers would soon be able to take advantage of their crypto holdings for loan purposes.
“This is important on two levels,” Strive CEO Matt Cole Postet on X. “[It] Make it significantly easier for Bitcoin holders to buy a house without selling their Bitcoin. [And] The US government takes Bitcoin risk on its own book as the US government implicitly guarantees Fannie/Freddie Mortgage Loans. “
The fluid’s ceasefire, secured by Trump between Israel and Iran, can also push Bitcoin’s award higher, despite the asset’s reputation as a potential safe haven’s investment. “Gold likes war while Bitcoin prefers peace,” said Charlie Morris, founder of Financial Services Firm bytetree. “Gold peaked in front of the hostilities in the Middle East while Bitcoin sank. When it first seemed likely to be the military actions, Bitcoin fell and gold fell back.”
Crypto -Stockers, meanwhile, have remained relatively muted with the remarkable exceptions of Bitcoin Miner Cleanspark (CLSK)up 6.7%while colleagues mines coreweave (Corz)slipped the same amount. There was also circle (CRCL)Another 11% fell today and is now down by approx. 33%, since he peaked Monday just shy at $ 300 per day. Stock. On the current $ 198.62 stock is still up more than six times from its IPO of $ 31.
