【Bitcoin fell below the 102,500 mark, dropping about 0.82% in 24 hours】
Moody's announced it has downgraded the U.S. credit rating from Aaa to Aa1, directly citing the high $36 trillion national debt and worsening deficit issues. As a result, the yield on U.S. 30-year Treasury bonds surged towards the 5% mark, while the dollar index weakened in the short term.
The cryptocurrency market is under significant pressure, with Bitcoin and Ethereum quickly retreating after a spike. Asian investors are increasingly risk-averse, and some large investors are facing liquidation due to high leverage.
As the U.S. stock market opening approaches, market speculation may further intensify, with investors closely monitoring the impact of the U.S. debt crisis on global financial markets.
