Bitcoin is benefitting from, among other factors, a weaker US dollar following the weekend.

Moody's downgrade:

Bessent isn't concerned. Given he oversees issuing US Treasuries, he probably should be. Downgrades will not lower the cost of issuing debt!

  • "If we go back to your initial question on the Moody’s downgrade, who cares? Qatar doesn’t. Saudi doesn’t. UAE doesn’t”
Bitcoin btc highest 19 May 2025 2

Gold is higher too. Also EUR, JPY, AUD, NZD, CAD, GBP ... the list goes on.

Source: Forex Live