📉 Crypto Markets Dip as Moody’s Downgrades U.S. Credit Rating
Key Points:
- $ETH , $XRP , $DOGE drop ~3% after Moody’s cuts U.S. credit rating to Aa1(from Aaa).
- Reason:Rising deficits, debt costs, and political gridlock over spending.
- Traditional markets also hit:
- 10-year Treasury yields ↗️ 4.49%
- S&P 500 futures ↘️ 0.6%
Crypto Reaction:
- Short-term risk-off sentiment pressured prices.
- BTC holds $104K but faces profit-taking pressure.
- Analysts warn of potential deeper pullback before next rally.
Why It Matters:
Credit downgrades often fuel long-term **crypto bullishness** (debt/debasement fears), but trigger short-term volatility.
Stay tuned for updates!
