According to ChainCatcher, Moody's downgraded the United States sovereign credit rating from Aaa to Aa1, citing reasons such as widening deficit, rising interest expenses, and a lack of political will to control spending. As a result, major cryptocurrency prices declined, with ETH, XRP, and Doge each dropping approximately 3%.
Data: ETH, XRP, and DOGE fell by about 3% after Moody's downgraded the US credit rating
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