Crypto Market Suffers as Moody’s Downgrades U.S. Credit Rating

Ethereum, Dogecoin, and Ripple experienced declines of over 3% after Moody’s downgraded the U.S. credit score, highlighting market sensitivity to economic indicators. The decision has triggered increased trading activity in futures and options across various cryptocurrency markets. Notably, Ethereum futures saw a year-to-date high as traders actively hedge or speculate on the changing market landscape.