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.

由于投资者消化了穆迪（Moody）降低美国信用评分的含义，少校加密代币（Major Crypto）代币将增加了损失。更广泛的加密货币市场以3.3万亿美元的价格持有，在短暂触及本周的高点之后，较早的收益率配对。

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.

此举是在评级巨人穆迪（Moody's）将美国主权信用评级从AAA中降低到AA1之后，理由是该国的膨胀赤字，利息费用的增加以及缺乏支出支出的政治意愿。该公司现在与Fitch和S＆P一起分配了低于世界上最大经济体长期以来的三重A地位的评级。

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，白宫很快做出了回应，发言人唐纳德·特朗普总统批评这一决定是政治上的，并指出该决定将受到政府的上诉。

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.

降级对传统市场产生了直接影响：美国财政收益率急剧上升，10年的票据攀升至4.49％，而下班后交易中标准普尔500年期货则下降了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.

从历史上看，对美国债务可持续性和美元贬值的担忧已成为比特币和其他分散资产的关键驱动力。但是，信用降级也可能触发短期的风险行为，特别是因为宏观不确定性可能导致机构交易者减少其市场敞口。

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.

一些交易者还警告说，在接下来的下一次集会之前，在短期内就有更深层次的抛售。 FXPRO首席市场分析师Alex Kuptsikevich在一封电子邮件中对Coindesk表示：“比特币持有104,000美元的关键水平，积极的因素是卖家仍未设法获得立足点。”

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，高水平的弹性可能是在下一次反弹之前暂时的，并且从当前范围的上边界的价格承受着很大的压力，而这是由买家捍卫的。

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

“换句话说，短期技术前景表明目前水平下降。”