According to @TheBlock__, the recent Moody's downgrade of US sovereign debt has shown limited ripple effects on the cryptocurrency market. Despite initial concerns, on-chain data from Glassnode highlights that Bitcoin and Ethereum price action remained stable, with no significant uptick in liquidation events or volatility spikes following the downgrade announcement (source: The Block, Glassnode, 2024-06-01). Crypto analysts at Coinbase Institutional cite the global diversification of digital asset holders and the decentralized nature of crypto as key buffers against traditional credit rating movements. Traders are advised to monitor macroeconomic indicators, but the Moody's decision has not triggered major sell-offs or buying opportunities in leading cryptocurrencies.