Bitcoin Soars after Moody’s Downgrade Shakes U.S. Banking Industry

Cryptocurrencies surged while the stock market faltered as Moody's placed the U.S. banking sector on alert. Bitcoin climbed by 2.89% to $29,785.88, ending a 14-day streak of minimal movement. The crypto market, which operates 24/7, experienced significant shifts following Moody's decision to lower ratings for 10 U.S. banks and add others like Bank of New York Mellon, U.S. Bancorp, State Street, and Northern Trust to its downgrade watchlist. Stay informed with the latest developments in the world of cryptocurrencies.