The head of the FHFA said his agency is considering how Bitcoin is counted in qualifying for a mortgage. The US federal home loan regulator is looking into how crypto holdings could help mortgage seekers qualify for home loans. The move comes amid a decline in the number of mortgage applications in recent years as the US experiences a housing crisis. In a statement on X on June 23, Bill Pulte, head of the Federal Housing Finance Agency (FHFA), said his agency will “study the usage of [sic] cryptocurrency holdings as it relates to qualifying for mortgages.” Homeownership has remained relatively stable over the last 50 years in the US, with around 62% of the population owning homes. However, the number of new applicants has seen a sharp decline in recent years. Read more
Bitcoin’s price moves closer to its all-time high, but liquidity shortage could trigger a breakout toward $165,000. Key takeaways: Bitcoin is up 10% to $108,200 from $98,400 local lows, reclaiming key support. Bitcoin’s bull pennant on the daily chart targets 54% gains to $165,000. Read more
Днепропетровщина продолжает страдать от вражеских обстрелов, из-за чего жители области остаются без света. За двое суток электроснабжение вернули в почти Подробнее
Bitcoin is creating a new paradigm as an emerging financial asset; several investors are contemplating a shift to adopting the asset for higher returns. Historically, sovereign bonds like the US Treasurys, Japanese government bonds and German Bunds have been go-to assets for risk-averse investors. They are usually perceived to be minimal-risk assets offering steady returns. However, since the emergence of Bitcoin 13 years ago, the narrative of Bitcoin as an alternative to bonds has been gradually growing in the minds of investors. The interplay between the Federal Reserve’s balance sheet and the M1 and M2 money supply is also a significant consideration to help understand why some investors are shifting to Bitcoin (BTC). Read more