Bitcoin

While a single health secretary resignation is minor, it adds to a pattern of leadership challenges in major economies (UK, US, EU) that may erode confidence in traditional institutions. Crypto markets, however, are more sensitive to macro liquidity and regulatory clarity than to isolated political events. The current fear & greed reading of 27 and bearish sentiment suggest markets are already pricing in macro headwinds, not UK politics.

Former health secretary Wes Streeting resigned and delivered a resignation speech, stating he lost confidence in Prime Minister Sir Keir Starmer's leadership.