Odaily Planet Daily News According to a report by economists at the U.S. Treasury Department, an increasing number of low-income families are utilizing profits from cryptocurrency investments to apply for mortgages to buy homes. The report indicated that in areas with a higher prevalence of cryptocurrency, the proportion of mortgages among low-income families has increased by over 250%, and the average mortgage balance has risen from about $172,000 in 2020 to about $443,000 in 2024, a growth of 150%. Data from the New York Federal Reserve Bank shows that the increase in debts such as mortgages, auto loans, credit cards, and student loans has led to a new high of $17.9 trillion in total household debt in the third quarter. (Cointelegraph)