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Bitcoin price rises as crypto ETF gains NYSE support

Bitcoin hits over $108,000 as NYSE backs Trump’s cryptocurrency ETF.

June 25, 2025 at 07:32 PM

Bitcoin rises, NYSE battles for Trump ETF, crypto mortgage may be next

Bitcoin's price increased as market anticipation grows around new crypto developments.

Bitcoin price climbs as NYSE supports Trump's crypto ETF

Bitcoin's price surged on Wednesday, hitting an intraday high of over $108,000. The rise occurred despite ongoing tensions in the Middle East, while the stock market stayed close to record levels. In Washington, the Fed Chair Jerome Powell addressed the Senate, noting significant growth in the stablecoin sector and its integration into mainstream finance. Furthermore, the Federal Housing Finance Agency director urged Fannie Mae and Freddie Mac to evaluate cryptocurrency for mortgage qualification. In other news, the New York Stock Exchange backed a proposed cryptocurrency ETF from Donald Trump's Truth Social, seeking a regulatory change to allow its launch soon. Meanwhile, Digital Asset CEO Yuval Rooz announced a $135 million fundraising round involving major financial institutions.

Key Takeaways

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Bitcoin's price reaches over $108,000 amid market optimism.

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Fed Chair speaks on stablecoin maturity in Senate testimony.

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NY Stock Exchange advocates for Trump's crypto ETF.

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Digital Asset secures $135 million in significant funding.

"The stablecoin industry has matured significantly over the past few years."

Fed Chair Jerome Powell's statement reflects growing acceptance of cryptocurrencies.

"The U.S. should be a leader in crypto rulemaking."

Senator Cynthia Lummis emphasizes the need for clear regulations for digital assets.

The rise in Bitcoin's price highlights a renewed confidence in the cryptocurrency market, driven by key political figures' support. As government regulators engage with the crypto sphere, it seems that digital assets are becoming harder to ignore. The push from the New York Stock Exchange for a Trump-backed crypto ETF could signal a significant shift in how traditional finance interacts with cryptocurrencies, especially through potential mortgage options. This fusion of finance and digital assets may fundamentally alter investment strategies and market dynamics, suggesting a future where crypto is more integrated into everyday financial transactions.