Bitcoin Rebounds as Markets Shake Off Moody's US Credit Downgrade

  • Cryptocurrencies recovered Monday after a shaky start, mirroring broader risk asset gains as investors digested Moodys downgrade of U.S. government bonds. Bitcoin (BTC) dipped as low as $102,000 in early U.S. trading but rebounded to $105,000 by the afternoon, up 0.4% in 24 hours.