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by: xpoolPosted on: May 19, 2025

US Credit Downgrade Sends Crypto Market into Chaos

The cryptocurrency market experienced a sharp downturn following Moody’s downgrade of the US credit rating, marking the first such event in 75 years. This move significantly impacted leading cryptocurrencies like Ethereum, Solana, and XRP, causing losses exceeding 8% within hours. While Bitcoin held relatively steady around $103,000, the market capitalization declined by billions as a result of this volatile reaction.

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Cryptocurrency Market Volatility USD

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