Moody’s US Downgrade Triggers for sale

Bitcoin and other cripto prices have fallen on Monday, because there is a sense of risk throughout the financial market.

Bitcoin (Btc) Fell to 102,870 dollars after trading near level $ 106,000 on Sunday. Ethereum (El) Rejected $ 2,400, while the total market capitalization of all cryptocurries fell by 1.67% to 3.25 million dollars.

Sales pressure is a mirror spread the financial market, and futures is related to NASDAK 100, Rusadakl 2000, and S & P 500 all over 1%. Dow Jones Futures slipped by 0.70%.

Bitcoin and Cripto prices are fell after Moody’s Mish Downgrade

Stocks and crypto fell as investors reacted to the Reoda’s decision to reduce American Credit Rating. In the statement on Friday, the Agency warned that the fiscal appearance in the country has worsened.

The USA long debt It shows that the national debt rose to over $ 36.8 trillion, more than $ 21 trillion in 2020. years. The digit is expected to increase after a new agreement in the house on the so-called great, beautiful account.

The bill includes reduced tax estimated at costs between $ 4.5 trillion and $ 5 trillion in the coming decade, partly offset by projecting of 1.5 trillion dollars spending at $ 2 trillion.

Historically, markets reacted negatively to a credit rating of reduced major economies. Stocks and cryptocurrencies decreased 1. August 2023. year, when Fitch reduced the USA USA in AA +. A similar move happened 5. to 6. August 2011. year, when S & P global did the same reduction.

Some analysts, however, have diminished the impact of the moody decision. In the post in X, Jim Bianco called a reduction in “Nothingburger”.

Theoretically, aggravating American public finances is Bilcoin Catalizast for Bitcoin, a means that is slowly becoming safe assets. In a long-lasting white paperBlackkrock claimed that Bitcoin became a good asset to live against the crowd of American debt and growing risk for default values.

Blackkrock noticed that Bitcoin was a “scarce, non-sovereign, decentralized tool with limited offer.”

Since this is the edition of paper, Bitcoin’s basis improved. Supply on exchanges And in the market review, it fell on many years of orders, while demand over the exchange of commercials increased. Cumulative inflows in Spot Bitcoin funds surpassed $ 41 billion.

More companies add Bitcoin to their treasury. Therefore, Bitcoin and CRIPTO prices are likely to refuse from this panic. For example, most Altcoin gathered in the last few weeks Release tariffs The fears facilitate.