Bitcoin (BTC) has recovered to the $107,000 range as the U.S. Federal Housing Finance Agency (FHFA) announced a policy to recognize virtual assets as assets for mortgage loan applicants. As the movement to incorporate virtual assets into the formal financial assets becomes visible, investment sentiment is also improving.
According to the global virtual asset market site CoinMarketCap on the 26th, BTC was traded at $107,354.95 as of 8 a.m. This is a 1.34% increase from the previous day. BTC's price, which had collapsed below the $100,000 mark due to Middle Eastern geopolitical instability, is showing a quick recovery.
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Market-wide investment sentiment is also recovering. The Fear and Greed Index from virtual asset data analysis company Alternative.me recorded 66 points, up 1 point from the previous day, indicating a state of 'greed'. This index means investment sentiment is constrained when closer to 0 and market overheating when closer to 100.
However, major altcoins showed a relatively slower recovery and remained mixed. Ethereum (ETH) recorded $2,417.98, down 0.89%. XRP was traded at $2.182 per coin, down 0.13% from the previous day. Solana (SOL) recorded $143.65, down 0.82%.
At the domestic exchange Bithumb, BTC recorded 147,201,000 won, up 1.1% from the previous day. ETH was down 1.07% at 3,317,000 won, and XRP was trading at 2,995 won, down 0.37%.
William Peart, director of the U.S. Federal Housing Finance Agency, sent an official letter to the two government-sponsored mortgage lenders, Fannie Mae and Freddie Mac, instructing them to "review the possibility of recognizing virtual assets as assets during mortgage loan assessments". Previously, BTC and other virtual assets had to be converted to cash to be recognized as assets, but now they can be reflected in loan assessments even if held as is.
Matt Cole, CEO of Strive, said, "BTC holders can now purchase homes without selling their assets, and the U.S. government is essentially incorporating BTC risk into government-guaranteed loans," evaluating it as a potential turning point for institutional acceptance.
- Reporter Kim Jung-woo
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