*Walter Bloomberg
*Walter Bloomberg|May 19, 2025 09:47
BITCOIN RETREATS FROM RECENT HIGHS AFTER MOODY'S DOWNGRADES U.S. CREDIT RATING Bitcoin falls, retreating from multi-month highs, as investors sell risky assets. This comes after Moody's Ratings downgraded U.S. sovereign debt to Aa1 from Aaa, citing spiraling government debt. The cryptocurrency had a strong week last week, recording its highest-ever weekly close near 106,500, Saxo says in a note. Bitcoin falls 0.8% to 103,298, having hit a peak of 107,060 in overnight trade, its highest in nearly four months, LSEG data show
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