FHFA to Allow Crypto Holdings as Part of Applicant Assets

Bitcoin

On Wednesday he continued his gentle growth because Fannie Mae and Freddie Mac – who play a key role in the release of mortgages to American homeowners – ordered William Pulte, director of the Federal Housing Agency (FHFA)Prepare for the acceptance of cryptocurrencies as part of the applicants’ assets.

Back over $ 107,000, the highest cryptocurrency increased by 2.2% in the last 24 hours and exceeds 0.5% of the Coindesk 20 deposit. Bitcoin cash

He was a remarkable overcome and increased by 7.4%.

Along with the dominance of BTC is still rising, now with almost 66% of the total crypto market value, which is now parked in an orange coin, from 39% in November 2023.

Today’s move can be partly due to FHFA William Pulte Director Sharing on social media These debtors could soon take advantage of their crypts for loans.

“This is important on two levels,” Matt Cole, CEO published to X. “[It] It makes it easier for Bitcoin holders to buy a house without selling their bitcoins. [And] The US government is risking Bitcoin’s risk in its own book because the US government implicitly guarantees mortgage loans of Fannia/Freddie. ”

The truce secured by Trump between Israel and Iran can also push the price of higher bitcoins, despite the reputation of the asset as a potential safe investment in refuge. “Gold likes war, while Bitcoins prefer peace,” said Charlie Morris, founder of the company’s financial services. “Gold culminated in front of hostility in the Middle East, while Bitcoin dropped. Once the likely military actions seemed to have been contained, bitcoins gathered and gold dropped back.”

Meanwhile crypto shares remained relatively subdued, with remarkable exceptions from the bitcoin miner Cleanspark (CLSK)by 6.7%while colleague miner Coreweave (CORZ)inserted the same amount. There was also a circle (CRCL)which has fallen another 11% today and is now 33% from the top of Monday only $ 300 per share. With the current $ 198.62, shares are more than six times of IPO price of $ 31.