Bitcoin

This drop is not an isolated data point—it aligns with a global wave of populist, sovereignty-first policies that often correlate with reduced cross-border capital flows and a preference for fiat stability over speculative assets. For crypto, which thrives on frictionless global movement of value and talent, such policy signals can weigh on long-term adoption narratives, especially in a key financial hub like London.

UK net migration dropped to 171,000, nearly half the 2024 figure, according to official data.