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Bitcoin Rises Past $107K as FHFA's Pulte Orders Crypto Consideration in Mortgage Applications
The Trump appointee overseeing the nation's housing agencies said Freddie Mac and Fannie Mae should take mortgage applicants' crypto holdings into account.
Jun 25, 2025, 8:12 p.m.
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What to know:
- Bitcoin rose 2.2% Wednesday to over $107,000, outperforming the CoinDesk 20 index.
- FHFA Director William Pulte ordered Fannie Mae and Freddie Mac to prepare for accepting cryptocurrencies as part of applicant assets.
- Bitcoin's crypto market dominance increased to 66%.
Bitcoin continued its gentle rise on Wednesday as Fannie Mae and Freddie Mac — which play a pivotal role in issuing mortgages to U.S. homeowners — were ordered by the William Pulte, Director of the Federal Housing Finance 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 outperforming the CoinDesk 20's 0.5% advance. was a notable outperformer, rising 7.4%.
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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 partially due to FHFA Director William Pulte sharing on social media that borrowers would soon be able to take advantage of their crypto holdings for loan purposes.
"This is important on two levels," Strive CEO Matt Cole posted on X. "[It] makes it substantially easier for holders of bitcoin to purchase a house without selling their bitcoin. [And] the U.S. government is taking Bitcoin risk on its own book as the U.S. 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, while bitcoin prefers peace,” said Charlie Morris, founder of financial services firm ByteTree. “Gold peaked ahead of hostilities in the Middle East, while bitcoin sank. Once it seemed likely that military actions were contained, bitcoin rallied, and gold dropped back.”
Crypto stocks, meanwhile, have remained relatively subdued, with the notable exceptions of bitcoin miner CleanSpark (CLSK), up 6.7%, while fellow miner CoreWeave (CORZ), slid the same amount. There was also Circle (CRCL), which declined another 11% today and is now down by about 33% since peaking Monday just shy of $300 per share. At the current $198.62, the stock is still up more than six-fold from its IPO price of $31.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Bitcoin’s weakness versus gold and equities puts quantum computing fears back in focus
Some investors have revived concerns that quantum computing could threaten bitcoin, but analysts and developers say recent price weakness reflects market structure.
What to know:
- Bitcoin’s recent price stagnation has sparked a renewed debate over quantum-computing risks, with investor Nic Carter arguing that quantum fears are already shaping market behavior.
- On-chain analysts and prominent investors counter that the slowdown is better explained by large holders taking profits and increased supply hitting the market around the $100,000 level.
- Most bitcoin developers still view quantum attacks as a distant, manageable threat, noting that proposed upgrades like BIP-360 provide a path to quantum-resistant security and are unlikely to explain short-term price moves.
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