Bitcoin rises to $105,000 as deal to reopen the government moves through Congress: CNBC Crypto World

Market Trends & Government Regulations - Bitcoin price increased over 1% to $15,000 level following Senate's progress towards ending the US government shutdown [2] - The US government shutdown drove consumer sentiment to its lowest level in over three years [4] - The Trump administration is exploring incorporating digital assets into the home lending process [5] Crypto-backed Mortgages - The median sales price for a house in the United States is hovering near all-time highs above $400,000 [6] - The median age for first-time home buyers reached 40 years old, a new record [7] - Fannie Mae and Freddie Mac buy upwards of 70% of US mortgages [8] - Five senators expressed concerns about the volatility of crypto assets in the mortgage market [12] - Wyoming Republican Senator Cynthia Lumis introduced the 21st Century Mortgage Act to codify the initiative into law [14] Bitcoin Market Analysis - The Federal Reserve's liquidity policies and multi-trillion dollar deficits are beneficial for Bitcoin's value proposition [19][20] - Bitcoin's long-term value proposition is as a hedge against currency debasement [21] - Bitcoin treasury companies improve access to Bitcoin for large institutional investors who cannot access spot Bitcoin [23][24] - Bitcoin is increasingly seen as the institutional-grade crypto asset due to its technology, security, and liquidity [26][27][28] - 85% of central banks around the world are cutting rates, making Bitcoin a global asset [30] - Kathy Wood lowered her end-of-decade price target for Bitcoin from 150% million to 120% million because stable coins are taking over some of the payments market [35]