Bitcoin

This fits into a 2024–2025 pattern of fragmented European politics (France's snap elections, Germany's coalition stress, UK fiscal noise) that has coincided with persistent EUR weakness and rising interest in dollar-denominated hard assets. Crypto is increasingly traded as a liquidity and debasement hedge, not a country-specific hedge, so the transmission channel is indirect.

Rioting, looting, and vandalism occurred across France over the weekend after protests spiraled out of control.