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# ETH, DOGE, XRP Down 3% as Moody’s Downgrades U.S. Credit Rating $ETH
Crypto markets took a hit as Moody’s Investors Service downgraded the U.S. sovereign credit rating from Aaa to Aa1. This move has rattled investor confidence, causing a noticeable drop in both traditional and digital asset markets. Major cryptocurrencies including Ethereum (ETH), Ripple (XRP), and Dogecoin (DOGE) fell roughly 3%, reflecting a broader shift to risk-off sentiment. $ETH
Moody’s cited increasing fiscal deficits and mounting interest expenses as key reasons behind the downgrade. As a result, U.S. Treasury yields spiked while S&P 500 futures slipped, indicating caution among traditional investors. In the crypto world, traders reacted swiftly to the news, with market sentiment turning bearish. $ETH
This downgrade serves as a reminder that macroeconomic factors, especially sovereign credit issues, can have a direct impact on digital assets. Investors are now watching closely for potential moves from the Federal Reserve and U.S. government regarding fiscal reforms or monetary policy.
#CrytoNews
#altcoins
Crypto markets took a hit as Moody’s Investors Service downgraded the U.S. sovereign credit rating from Aaa to Aa1. This move has rattled investor confidence, causing a noticeable drop in both traditional and digital asset markets. Major cryptocurrencies including Ethereum (ETH), Ripple (XRP), and Dogecoin (DOGE) fell roughly 3%, reflecting a broader shift to risk-off sentiment. $ETH
Moody’s cited increasing fiscal deficits and mounting interest expenses as key reasons behind the downgrade. As a result, U.S. Treasury yields spiked while S&P 500 futures slipped, indicating caution among traditional investors. In the crypto world, traders reacted swiftly to the news, with market sentiment turning bearish. $ETH
This downgrade serves as a reminder that macroeconomic factors, especially sovereign credit issues, can have a direct impact on digital assets. Investors are now watching closely for potential moves from the Federal Reserve and U.S. government regarding fiscal reforms or monetary policy.
#CrytoNews
#altcoins
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