
PANews reported on May 17th that according to Coindesk, Moody's downgraded the United States' sovereign credit rating from "Aaa" to "Aa1", becoming the last of the three major credit rating agencies to remove the US's top AAA rating. Affected by this, the cryptocurrency market fell along with the stock market, triggering risk-averse sentiment and new concerns about government debt and macroeconomic stability. Among them, Ethereum (ETH), XRP, and Doge all dropped by about 3%.



