Brazil’s Stock Market Crashes After Lula’s Upset Victory

Crypto Insight Summary: The iShares Brazil ETF fell as much as 26% after Lula da Silva beat Flávio Bolsonaro, who prediction markets had at 80%, while the dollar jumped as much as 12% against the real. Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Emerging market turmoil may trigger risk-off sentiment in crypto.