Moody’s Downgrades U.S. Credit Rating: Impact on Debt & Market Confidence

Moody’s has downgraded the U.S.’s credit rating, sending shockwaves through global markets and potentially impacting borrowing costs for governments worldwide. The agency cites rising debt levels and projections of a nearly 9% GDP deficit by 2035 as the primary drivers behind this downgrade. This move signals increased skepticism regarding U.S. fiscal management and raises concerns about future market stability, particularly in the cryptocurrency sector.