Ethereum (ETH) is among the day's top declining assets, having dropped 3.88% in the past 24 hours at the time of reporting.
Moody’s downgrade of the U.S. credit rating from Aaa to Aa1, citing rising debt and widening budget deficits, shook global markets. Following the announcement, Ethereum’s price declined, while the total crypto market cap stabilized at $3.3 trillion. The White House criticized the decision as politically motivated, and analysts now expect increased short-term selling pressure a likely factor in ETH’s recent price pullback.
