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ETH, DOGE, XRP Down 3% as Moody’s Downgrades the U.S. Credit Score

CoinDesk LogoCoinDesk17h ago

ETH, DOGE, XRP Down 3% as Moody’s Downgrades the U.S. Credit Score - CoinDesk

Quick Summary:

Crypto markets slipped alongside stocks after Moody’s cut the U.S.sovereign credit score to Aa1, triggering risk-off sentiment and fresh concerns over government debt and macro stability.

Meanwhile, some traders warned of a deeper sell-off in the near term on general profit-taking before the next rally.“Bitcoin is holding the $104,000 mark as a key level and the positive factor is that sellers have not yet managed to seize control of the market,” Alex Kuptsikevich, the FxPro chief market analyst, told CoinDesk in an email.“However, resilience at high levels may be temporary before the next bounce, and there is considerable pressure near the upper boundary of the current range.“In other words, the short-term outlook suggests a decline from current levels,” Kuptsikevich opined.

The downgrade had an immediate effect on traditional markets: U.S.

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ETH, DOGE, XRP Down 3% as Moody’s Downgrades the U.S. Credit Score - CoinDesk (Picture 1)

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Article Details

Author / Journalist: Shaurya Malwa

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-17 @ 07:54:38 (17 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 296 words

Reading Time: 2 minutes read

Sentences: 27 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 28760194

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About CoinDesk

CoinDesk Logo

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 6 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

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The story "ETH, DOGE, XRP Down 3% as Moody’s Downgrades the U.S. Credit Score" was covered 17 hours ago by CoinDesk, a news publisher based in United States.

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  • URL: https://smtp205.beamstart.com/news/eth-doge-xrp-down-3-17474694415131

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