According to @KobeissiLetter, the US credit downgrade was announced just minutes before futures closed for the weekend, causing an immediate gap down in stock prices and a spike in yields. This sudden market reaction signals heightened risk sentiment, which historically drives volatility in the cryptocurrency market as investors seek alternative assets. Traders should closely monitor macroeconomic indicators and bond yields, as sustained higher yields could pressure both traditional and crypto markets in the near term (source: @KobeissiLetter).