According to @KobeissiLetter, a market downgrade occurred just before futures closed for the weekend, leading to an immediate gap down in stock prices and a spike in bond yields. This action is not supportive of efforts to achieve lower US interest rates, a key policy aim for Trump. For crypto traders, such volatility in traditional markets often increases short-term demand for digital assets as alternative investments, and could impact Bitcoin and Ethereum price action in the coming week (source: @KobeissiLetter).

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).