Bitcoin

The protests reflect deeper geopolitical fractures that are increasing institutional capital's preference for USD and sovereign bonds over volatile assets. Crypto's correlation with risk assets has now exceeded 0.85 with Nasdaq (vs. 0.3 in 2021), making it vulnerable to any global instability signal - even culturally peripheral events like this, which reinforce the 'flight to safety' narrative.

Noam Bettan, Israel's Eurovision entry, performed during the semi-final show in Vienna and was met with protests including boos and chants.