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Crypto Bloodbath: ETH, DOGE, XRP Tank 3% After Moody’s Slashes U.S. Credit Rating

Crypto Bloodbath: ETH, DOGE, XRP Tank 3% After Moody’s Slashes U.S. Credit Rating

Coindesk
Author:
Coindesk
Release Time:
2025-05-17 07:54:38
0

ETH, DOGE, XRP Down 3% as Moody’s Downgrades U.S. Credit Rating

Wall Street’s favorite rubber-stamp agency strikes again—Moody’s downgrade sends shockwaves through crypto markets. Ethereum, Dogecoin, and Ripple all bleed out in sync with traditional finance’s latest credibility crisis.

When the so-called ’risk-free’ benchmark gets a demotion, even degens take notice. The correlation playbook is back: digital assets mirroring equity market jitters within minutes of the announcement.

Funny how crypto’s ’decoupling’ narrative evaporates faster than a memecoin dev team’s credibility. Maybe Satoshi was right about trusting math over Moody’s spreadsheets after all.

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