Major crypto tokens extended losses Saturday as investors digested the implications of Moody’s downgrading the U.S. credit score, with ether (ETH), XRP, and dogecoin (DOGE) all dropping roughly 3%. The broader crypto market held at $3.3 trillion, pairing earlier gains after briefly touching the week’s high.

由於投資者消化了穆迪（Moody）降低美國信用評分的含義，少校加密代幣（Major Crypto）代幣將增加了損失。更廣泛的加密貨幣市場以3.3萬億美元的價格持有，在短暫觸及本週的高點之後，較早的收益率配對。

The move came after rating giant Moody’s cut the U.S. sovereign credit rating to Aa1 from Aaa, citing the country’s swelling deficits, rising interest expenses, and a lack of political will to rein in spending. The firm now joins Fitch and S&P in assigning a rating below the once-unblemished triple-A status long held by the world’s largest economy.

此舉是在評級巨人穆迪（Moody's）將美國主權信用評級從AAA中降低到AA1之後，理由是該國的膨脹赤字，利息費用的增加以及缺乏支出支出的政治意願。該公司現在與Fitch和S＆P一起分配了低於世界上最大經濟體長期以來的三重A地位的評級。

As such, the White House was quick to respond, with spokespersons for President Donald Trump criticizing the decision as political and stating it will be appealed by the administration.

因此，白宮很快做出了回應，發言人唐納德·特朗普總統批評這一決定是政治上的，並指出該決定將受到政府的上訴。

The downgrade had an immediate effect on traditional markets: U.S. Treasury yields rose sharply, with the 10-year note climbing to 4.49%, and S&P 500 futures slid 0.6% in after-hours trade.

降級對傳統市場產生了直接影響：美國財政收益率急劇上升，10年的票據攀升至4.49％，而下班後交易中標準普爾500年期貨則下降了0.6％。

Historically, concerns about U.S. debt sustainability and dollar debasement have served as key drivers for bitcoin and other decentralized assets. However, credit downgrades can also trigger short-term risk-off behavior, particularly as macro uncertainty may lead institutional traders to reduce their market exposure.

從歷史上看，對美國債務可持續性和美元貶值的擔憂已成為比特幣和其他分散資產的關鍵驅動力。但是，信用降級也可能觸發短期的風險行為，特別是因為宏觀不確定性可能導致機構交易者減少其市場敞口。

Some traders also warned of a deeper sell-off in the near term on general profit-taking before the next rally. Bitcoin is holding the $104,000 key level and the positive factor is that sellers still haven’t managed to gain a foothold in the market,” Alex Kuptsikevich, the FxPro chief market analyst, told CoinDesk in an email.

一些交易者還警告說，在接下來的下一次集會之前，在短期內就有更深層次的拋售。 FXPRO首席市場分析師Alex Kuptsikevich在一封電子郵件中對Coindesk表示：“比特幣持有104,000美元的關鍵水平，積極的因素是賣家仍未設法獲得立足點。”

However, resilience at high levels may be temporary before the next bounce, and there is considerable pressure on the price from the upper boundary of the current range, which is being defended by buyers.

但是，高水平的彈性可能是在下一次反彈之前暫時的，並且從當前範圍的上邊界的價格承受著很大的壓力，而這是由買家捍衛的。

“In other words, the short-term technical outlook suggests a decline from current levels.”

“換句話說，短期技術前景表明目前水平下降。”