This innovative mortgage model could reshape real estate financing, offering crypto holders new leverage options while posing volatility risks. Coinbase issues first Fannie Mae-backed US mortgage using Bitcoin collateral.
Here's why an analyst believes BTC could breach the $60K support.
Bitcoin and Ether options worth $1.89B expire as BTC trades near $60K, with hedging demand rising after Middle East ceasefire hopes.
Bitcoin price falls near $62K as whale Binance deposits double, ETF outflows hit $4.4B, and traders watch $60K support.
Bitcoin experienced a significant downturn on Friday as a widespread retreat from artificial intelligence-related investments simultaneously impacted cryptocurrency and stock markets.
Reza Bundy, who leads investment advisory firm Atlas Capital, has issued a stark warning that Bitcoin could shed up to 70% of its current valuation within the coming six-month period. His projected price floor sits between $26,000 and $30,000.
While Bitcoin (BTC) trades at its lowest levels in months, some market watchers have warned that the leading crypto may be preparing for another major drop as it retests a critical technical area that has historically marked a turning point. Related Reading: Zcash Fixes Critical Orchard Vulnerability As ZEC Holds $600 Support Bitcoin Tags Key 200‑Week SMA After Four Years After falling 15% over the past four days, Bitcoin is attempting to reclaim the $64,000 level as support.
Bitcoin holds $62,880 and Ethereum at $1,674 as traders eye BTC dominance at 56.2% and key support zones heading into the weekend.
A confluence of factors makes $60,000 as key level to watch for in the near term, according to Deribit.
Standard Chartered's Geoff Kendrick called the BTC bottom near after bitcoin slid 14% on the week to below $62,000, citing a likely Strategy buyback, resilient ETF holdings, and easing oil prices.
7RCC Global has launched trading of BTCK, an exchange-traded fund that allocates 80% to Bitcoin and 20% to regulated carbon credit futures, bringing one of the crypto industry's earliest ESG-focused ETF concepts to the public market.
Bitcoin price trades near $61,925 as ETF outflows, whale deposits and weak momentum keep $60,000 and $55,000 support in focus for traders.