Coinbase Unveils Bitcoin-Backed Mortgages in US Regulatory Expansion
Coinbase has rolled out a new mortgage product that allows US borrowers to use Bitcoin as collateral for down payments, without having to sell their assets or trigger margin calls. This move directly expands the reach of cryptocurrencies under the US regulatory framework.
The price of BTC is currently at $78,422.86, holding a bullish structure above the EMA50 at $75,309.32, but facing a MACD death cross. The RSI sits at 55.95, indicating a neutral reading and pointing to a measured retracement towards that EMA50 support before any push to the upper band at $80,332.11.
This mortgage product could potentially shift BTC price prediction models, temper crypto market crash narratives, and highlight the AI industry's impact on institutional adoption flows.