A Labour supermajority would likely lead to increased government intervention in the economy, potentially impacting capital markets. Investors may be wary of Labour’s policies on taxation and regulation, causing volatility in the stock market. Overall, a Labour supermajority could create uncertainty for capital markets and investors.
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Why Altcoins Were Flopping on Friday
On a forgettable Friday, the equities market's decline and concerns over global trade led investors to steer clear of cryptocurrencies, with few showing any positive movement. Ethereum (CRYPTO: ETH) fell nearly 3%, while other notable declines included Solana (CRYPTO: SOL) at 4%, Chainlink (CRYPTO: LINK) at almost 7%, and Dogecoin (CRYPTO: DOGE) dropping over 8%. The ongoing trade war, marked by tariffs from the Trump administration, continued to fuel fears among crypto investors about its...
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