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ETH, DOGE, XRP Down 3% as Moody’s Downgrades U.S. Credit Rating
Crypto markets slipped alongside stocks after Moody’s cut the U.S. sovereign credit score to Aa1, triggering risk-off sentiment and fresh concerns over government debt and macro stability.
Updated May 17, 2025, 7:57 a.m. Published May 17, 2025, 7:54 a.m.
What to know:
- Major cryptocurrencies, including ether, XRP, and dogecoin, fell about 3% after Moody's downgraded the U.S. credit rating.
- Moody's cut the U.S. sovereign credit rating to Aa1 from Aaa, citing rising deficits and interest expenses.
- The U.S. Treasury yields rose and S&P 500 futures dipped following the downgrade, impacting both traditional and crypto markets.
Plus pour vous
Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
Ce qu'il:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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