A Tense Start to the Week
U.S. stock futures fell nearly 1% at the opening of Asian trading in response to a ratings downgrade by Moody's.
❗️ A downgrade by Moody's means that the credit ratings committee has determined that the credit profile of the borrower, i.e. the United States, has become relatively weaker and that it is therefore relatively less likely to meet its debt obligations on time and in full than previously expected.
But US Treasury Secretary Scott Bessant said he did not trust Moody's rating.
📈 The yield on 10-year US bonds is approaching the 4.50%-4.60% range, which is creating additional pressure on the risky asset market.
🔽 The cryptocurrency followed the fall of futures. Despite the growth and breakout above $107 thousand, Bitcoin turned around sharply and is now trying to hold the level of $102 thousand as support.
🕯 Due to such short-term price swings, over $620 million has been liquidated in the crypto market in the last 24 hours.
🤬 Pi Network project accused of insider selling after price drop by 50%.
#SaylorBTCPurchase BinanceAlpha$1.7MReward#BinancePizza #BinanceAlphaPoints #EthereumSecurityInitiative #Whale.Alert