Bitcoin opened at $64,724.03 but slid to $63,652.09 this morning, while Ethereum also fell to $1,877.52. This pullback coincides with the FHFA ordering Fannie Mae and Freddie Mac to recognize Cryptocurrency as a Mortgage asset, a move that could significantly broaden crypto’s Utility and mainstream adoption for investors.

Key Highlights

  • Bitcoin's price declined to $63,652.09 this morning from an opening of $64,724.03.
  • The Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to count cryptocurrency as an asset for mortgage qualification.
  • Bitcoin's current price is down 45.1% from its all‑time high of $126,198.07.

The move unfolded as the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac may treat cryptocurrency holdings as eligible Assets for mortgage qualification. Ethereum also fell, moving to $1,877.52 after opening at $1,917.16 on the same day. The FHFA’s Director, William J. Pulte, highlighted that the guidance aims to broaden financing Options for homebuyers holding digital assets, signaling a notable step toward mainstream integration despite the market pullback.

Crypto Markets Pull Back Amid Regulatory Clarity

Digital‑asset markets showed a modest retreat this morning, with both leading cryptocurrencies easing lower despite the regulatory development. Bitcoin, after its opening at $64,724.03, settled around $63,652.09, while Ethereum moved from $1,917.16 to $1,877.52. The FHFA decision was expected to buoy confidence, yet the immediate reaction underscored the sector’s sensitivity to news flow.

The mixed response illustrates the ongoing Volatility that characterizes crypto assets even as institutions explore broader acceptance.

Bitcoin Dips Below $64K, Down 45.1% From

Peak Compared with the prior year, the cryptocurrency is down 45.1%, a stark contrast to its all‑time high of $126,198.07 and far above its all‑time low of $0.04865. The price now hovers near key support levels, and Market Participants remain watchful for further movements that could test the resilience of Bitcoin’s price trajectory.

Ethereum Slides to $1,877, Coinbase Shares Drop 15%

Ethereum’s price this morning was 0.4% higher than Thursday’s opening, while its weekly performance showed a +2.1% shift and a monthly rise of +19.1%. Year‑over‑year, the token is down 49.7% from its all‑time high of $4,953.73 and above its all‑time low of $0.4209. The broader crypto sector felt the ripple effect, with Coinbase ( Nasdaq : COIN) shares sinking 15% and Bitmine experiencing an 8% drop as Bitcoin slipped below $63K.

These Equity moves reflect the contagion risk that can accompany price swings in the digital‑asset space.

FHFA Decision Opens New Mortgage Avenues for Digital Assets

The FHFA’s directive, signed by Director William J. Pulte, marks a landmark step toward embedding digital assets within traditional finance. By permitting mortgage lenders to consider cryptocurrency holdings, the agency aims to expand home‑ownership opportunities for crypto investors and potentially enhance the perceived stability of these assets. Market observers anticipate that Fannie Mae and Freddie Mac will issue detailed guidelines on valuation methods and documentation requirements in the coming months.

As the industry adapts, the intersection of real‑estate financing and crypto assets is expected to generate further regulatory discussion and innovation.

Analysis based on company disclosures and public reporting; figures verified against the source.

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making Investment decisions.