Coinbase and Better Mortgage bring crypto wealth into home lending with a nationwide token-backed conforming mortgage that lets borrowers keep their holdings.
Bitcoin has rebounded sharply from the low-$60,000s to around $80,000, gaining nearly 20% last week in one of its strongest weekly moves in years. The rally appears to reflect several forces working together: improving macro conditions, short covering, renewed regulatory optimism, and stronger demand through U.S.-listed crypto ETFs.
The state of the crypto ETF market and a remarkable ETF growth story headlined this week's ETF Prime. Host Nate Geraci welcomed Roxanna Islam, head of sector and industry research at VettaFi, followed by Robert Hum of SEI.
Crypto-linked equities are outrunning the coins in Tuesday morning trade. The CoinShares Bitcoin Mining and Digital Power ETF (NASDAQ:WGMI) is up 4% to $46.55, while the iShares Bitcoin Trust ETF (NASDAQ:IBIT) is up 0.6% to $44.92.
Retail brokers are catching a strong bid at midday Tuesday even as the underlying crypto tape barely budges.
After Bitcoin touched $80,000 for the first time since May, Cory Klippsten believes this uptrend signals the start of crypto's next bull run. He believes the added liquidity to bonds and liquidized shorts gave new life to Bitcoin, though he remains skeptical of the Clarity Act's power in expanding the runway.
Crypto mining stocks are climbing Tuesday after Bitcoin (CRYPTO:BTC) topped $80,000, reaching a more than three-month high, but then dipped back below that key level.
Crypto is having an extended three-day rally, and it looks a lot like what happened back in 2023, according to at least one analyst.
U.S. government spending concerns have given a second wind to the debasement trade. Gold and bitcoin have surged in recent days, while the U.S. dollar has pulled back against peers.
Last week's bitcoin rally, one supported in part by the White House reiterating its pro-cryptocurrency stance while continuing to lean on policymakers to pass the Clarity Act, benefited an array of crypto-correlated stocks, including Coinbase Global (COIN).
High Roller Technologies NYSEAMERICAN: ROLR is preparing to enter the U.S. prediction markets sector through its ROLR brand, supported by a partnership with Crypto.com, an introducing broker license from the National Futures Association and a recently announced technology arrangement, Chief Executive Officer Seth Young said during a company presentation.
For years, the digital asset sector traded at a steep regulatory discount. Institutional capital stayed sidelined, deterred by the threat of enforcement actions and a patchwork of state-level restrictions.