“The Trump Apppointee Overseeing the Nation’s House of Agencies Said Freddie Mac and Fannie Mae Should Take Mortgage Applicants’ Crypto Holdings Into Account.”, – WRITE: www.coindesk.com
Continued ITS Gentle Rise on Wednesday as Fannie Mae and Freddie Mac – WHICH PLAY A PIVOTAL ROLE IN ISSUING MORTGages to US HOMEOWNers – Were Ordated by The William Pulte, Dereted by ,to. Agency
(FHFA)
to Prepare to Accept Cryptocurrencies As Part of Applicants’ Assets.
Back Above $ 107,000, The Top Cryptocurrency is up 2.2% in the Last 24 Hours, and OutperForforming the Coindesk 20’s 0.5% Advance. Bitcoin Cash
WAS A NOTable OutperFormer, Rising 7.4%.
Alongside, BTC’s Dominance Keeps Going Up, Now With Almost 66% of the Total Crypto Market Value Now Parked in the Orange Coin, UP from 39% in November 2023.
Today’s Move May Be Partilly Due to Fhfa Director William Pulte Sharing on Social Media That Borrowers Wound Soon Be ABLE TO DAKE Advantage of Their Crypto Holdings for Loan.
“This is Important on Two Levels,” Strive Ceo Matt Cole Posted On X. “[It] Makes It Substantally Easier for Holders of Bitcoin to Purchase A House with Selling Their Bitcoin. [And] The US GOVERNMENT IS Taking Bitcoin Risk on It Own Book As The US Government Implicitly Guarantees Fannie/Freddie Mortgage Loans. ”
The Ceasefire Secured by Trump Between Israel and Iran May Also Be Pushing Bitcoin’s Price Higher, Despite The Asset’s Reputation As a Potential Safe Haven Investment. “Gold Likes War, Whitcoin Prefers Peace,” Said Charlie Morris, Founder of Financial Services Firm Bytetree. “Gold Peked Ahead of Hostilites in the Middle East, While Bitcoin Sank. Once It Seemed Likely that Military Actions Were Contained, Bitcoin Rallied, and Gold Droped Back.
Crypto Stocks, Meanwhile, Have Remainned Relative Subdued, With The Notable Exceptions of Bitcoin Miner Cleanspark (CLSK), UP 6.7%, While Fellow Miner Corewave (Corz) There Was Also Circle (CRCL), WHICH DECLINED ANOTHER 11% TODAY AND IS NOW DOWN by About 33% Since Peaking Monday Just Sy of $ 300 Per Share. At the Current $ 198.62, The Stock Is Still Up More Than Six-Fold from It ITS IPO PRICE OF $ 31.
X Icon
