Bitcoin

This election unfolds against a backdrop of global monetary tightening and a strong dollar, where emerging market political risk is amplified. Brazil has been a crypto adoption leader, and a Bolsonaro victory could accelerate pro-market, crypto-friendly policies, while a Lula win might favor stricter regulation and social spending, impacting capital flows into regional exchanges.

Brazil's presidential election heads to a run-off after right-wing senator Flavio Bolsonaro finished first with 47% of the vote, ahead of President Luiz Inacio Lula da Silva with 45%.