The U.S. has lost its high credit rating over the growing national debt and deficits.

International journalist Michelle Makori says Bitcoin and gold are worth watching now, hinting she expects these two safe-haven assets' prices to skyrocket.

The U.S. lost its last AAA credit rating as Moody's downgraded the U.S. to AA1 due to "rising debt and interest 'that are significantly higher than similarly rated sovereigns.' "

According to the report by Moody's cited by Reuters, the U.S. national debt currently stands at $36.2 trillion. Earlier this week, U.S. lawmakers blocked a bill proposed by President Trump to extend the tax cuts he implemented during his first presidential term in 2017.

The bill would have added trillions of dollars to the already swollen U.S. debt during the next decade, and it was ultimately blocked by lawmakers who prefer to focus on reducing the deficit, according to a report by Bloomberg.

This development provides a perfect soil for Bitcoin and gold to surge in prices, which often happens during economic uncertainty and negative readings of key economic metrics.

Currently, fiscal deficit in the U.S. stands at $1.05 trillion; "10-year yield: 4.48% Interest burden: Significantly higher than peer nations," according to Michelle Makori.

"America now shares a credit rating with Austria and Finland. Hard assets don't lie. Watch Gold and Bitcoin," Makori concluded.

Bitcoin stays under ATH, despite US-China trade deal

A report published by the on-chain data aggregator Santiment reveals a correlation between stock markets and crypto. The tweet underscores that despite the trade tariff pause negotiated by the U.S. and China for 90 days a week ago, "markets remain within striking distance of all-time highs." Bitcoin remains down along with the S&P 500 and gold.

According to the data shared by Santiment, the S&P 500 is currently trading at $5,953.57, staying 3.27% below the Feb. 19 all-time high of $6,147.43. Bitcoin is changing hands at $103,502, sitting 5.33% below the January ATH of $109,026.02.

As for gold, it is now trading at $3,196.80 per ounce after it hit an all-time high of $3,509.90 on April 22. Now it is almost 10% below the ATH.

Major crypto analyst from the Netherlands Michael van de Poppe believes that Bitcoin is currently showing a healthy consolidation, targeting a new all-time high soon: "Calm consolidation of #Bitcoin before the next big breakout in the next few weeks towards the ATH."