Could a Bitcoin bull run be triggered by Fitch’s US credit rating downgrade? By Cointelegraph

On Aug. 1, a significant event occurred within the financial world: Fitch, a reputable credit ratings agency, lowered the credit rating of the United States government from the pristine AAA to AA+. This downgrade signaled diminished confidence in the U.S. government’s ability to handle its fiscal responsibilities effectively.

The downgrade nudged investors into a cautious stance, leading many to move their money out of assets like stocks, silver, oil and long-term bonds. Instead, they favored cash and short-term instruments, which are perceived as safer options in uncertain times.