The cryptocurrency market faced a notable pullback following Moody’s decision to downgrade the U.S. credit rating outlook from stable to negative. This shift in investor sentiment triggered a wave of selling across major digital assets.
Top altcoins like $ETH
(Ethereum), $DOGE (Dogecoin), and $XRP
(Ripple) each fell around 3%, reflecting broader market unease. The downgrade has raised concerns over the long-term fiscal stability of the U.S., prompting investors to move cautiously across both traditional and digital markets.
While Bitcoin also saw minor losses, altcoins experienced sharper declines, suggesting a temporary risk-off sentiment among traders.
Analysts are closely monitoring macroeconomic indicators and Federal Reserve signals to gauge how the downgrade may influence crypto valuations moving forward.
