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Binance News
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Moody's Downgrades U.S. Sovereign Credit Rating to Aa1, Leading to a Decline of Approximately 3% in Major Cryptocurrency Prices
According to ChainCatcher, Moody's has downgraded the U.S. sovereign credit rating from Aaa to Aa1 due to expanding deficits, rising interest expenditures, and a lack of political will to control spending. As a result, the prices of major cryptocurrencies have fallen, with Ethereum (ETH), XRP, and Dogecoin (DOGE) each declining by approximately 3%.
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