Bitcoin

The French presidential election is a key geopolitical event for the EU. A centrist victory would reinforce institutional stability, likely strengthening the euro and reducing safe-haven demand for USD, which could ease pressure on risk assets. Conversely, a populist win could trigger capital flight and volatility, but current polls suggest a centrist outcome is more probable, aligning with a mildly bullish macro backdrop for crypto over the medium term.

Polls indicate former Prime Minister Édouard Philippe is the early favourite in the French presidential race and the only centre-right candidate capable of defeating populist candidates Marine Le Pen or Jean-Luc Mélenchon.