PANews reported on May 17 that according to Coindesk, Moody's downgraded the US sovereign credit rating from "Aaa" to "Aa1", becoming the last of the three major credit rating agencies to remove the top AAA credit rating in the United States. Affected by this, the cryptocurrency market fell along with the stock market, triggering risk aversion and new concerns about government debt and macro stability. Among them, Ethereum (ETH), XRP and Dogecoin (DOGE) all fell by about 3%.
ETH, XRP, DOGE fall by about 3% after Moody's downgrades US credit rating
Share to:
Follow PANews official accounts, let's navigate bull and bear markets together
Recommended Reading
PA一线8 hour agoPA一线9 hour agoPA一线11 hour ago
Pioneer's View: Crypto Celebrity Interviews
Exclusive interviews with crypto celebrities, sharing unique observations and insights
PAData: Web3 in Data
Data analysis and visualization reporting of industry hot spots
Memecoin Supercycle: The hype around attention tokenization
From joke culture to the trillion-dollar race, Memecoin has become an integral part of the crypto market. In this Memecoin super cycle, how can we seize the opportunity?
AI Agent: A Journey to Web3
The AI Agen innovation wave is sweeping the world. How will it take root in Web3? Let’s embark on this adventure together!