On Brazil's election day, USDT trading on Mercado Bitcoin jumped nearly 800% and bitcoin volume surged 865% from the previous Sunday, with corporate accounts generating 78% of activity as companies sought to hedge currency risk while traditional markets were closed. Prediction markets had priced opposition candidate Flávio Bolsonaro as a roughly 80% favorite, but incumbent Luiz Inácio Lula da Silva won. On Monday, the Ibovespa fell 14%, its worst performance since March 2020, while the dollar rose more than 8% against the real, its largest daily gain since 1999. A Mercado Bitcoin analyst said stablecoins offer a simple way to move part of assets into dollars, while USDT/BRL trading on Binance more than tripled.
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/26/2026 | 80,150.56 |
| Change that session | 0.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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