Last weekend, global credit rating agency Moody's downgraded the United States' credit rating by one notch from its highest rating, but it was reported that cryptocurrencies have not been significantly affected.
As of 9:45 a.m. on the 19th, Bitcoin was trading at $105,415 (USD), up 2.04% from 24 hours ago on CoinMarketCap, a global coin market relay site.
Ethereum, the second largest cryptocurrency by market capitalization, is trading at $2,441 (approximately 350,000 yen), down 1.43%.
Ripple, the fourth largest cryptocurrency by market capitalization, rose 1.84% to $2.39.
Cryptocurrencies are showing mixed trends, unaffected by Moody's downgrade of US ratings.
On the 16th of last month, Moody's downgraded the US rating by one notch from the highest rating it had held for 110 years.
On the same day, Moody's downgraded the credit rating of U.S. government bonds by one notch from the highest "Aaa" to "Aa1."
Moody's was the only one to have maintained the highest rating for U.S. government bonds since 1917, but this was the first time it had downgraded the rating.
Earlier, other rating agencies Fitch and S&P had lowered the US rating by 202
It was revised downward in 2013 and 2011, respectively.
2025/05/19 10:08 KST
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