$ETH , $DOGE , $XRP Fall 3% After U.S. Credit Rating Downgrade
On May 16, 2025, Moody’s downgraded the U.S. credit rating from AAA to Aa1, citing rising national debt and fiscal concerns. This move shook markets, including crypto.
ETH, $DOGE, and XRP each dropped around 3% as investors reacted to the news. ETH fell below $2,500, DOGE dropped to $0.2175, and XRP slid to $2.38.
The downgrade raised concerns about the broader economic outlook. Crypto traders are now more cautious, while some still view digital assets as a hedge against traditional market risks.
Market watchers expect continued volatility as global investors assess the long-term effects of the downgrade.
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