Moody, downgrade and credit rating
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Further dynamics of BTCUSD will depend on changes in global risk appetite. As the downgrade of the US credit rating showed, fans of risky assets in general and Bitcoin in particular are hard to scare. If the resistance at 107K is broken, there are more chances to restore the uptrend.
Moody's lowered the US triple-A credit rating on Friday, citing rising federal debt and interest costs.
1don MSN
U.S. stocks are drifting lower and U.S. bonds are falling more sharply following the latest reminder that the U.S. government seems to be hurtling toward an unsustainable mountain of debt.
Moody’s also forecasts US federal debt to rise to around 134% of GDP by 2035, up from 98% in 2023, with the budget deficit expected to increase to nearly 9% of GDP. This deterioration is attributed to rising debt-servicing costs, expanding entitlement programs, and falling tax revenues.