Lula wins Brazil's presidential election, becoming the first to secure a fourth term.

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Lula won Brazil’s presidential election, securing 51.78% of the vote and becoming the first to win a fourth term. Bolsonaro received 48.22% in the second-round runoff. Perpetual futures linked to the iShares MSCI Brazil ETF (EWZ) dropped over 22% following the result. Altcoins to watch may react to shifting market sentiment amid political changes in major economies.

Odaily Planet Daily reports: Luiz Inácio Lula da Silva has won Brazil’s presidential election, beginning his fourth term as president and becoming the first Brazilian president to win a fourth term. With 99.99% of votes counted, Lula received 51.78% of the vote, totaling 64,248,884 votes; Senator Flavio Bolsonaro received 48.22%, totaling 59,822,138 votes.

Before the vote, Polymarket gave Flávio Bolsonaro an 80% chance of winning; after results began to be released, market probabilities shifted toward Lula. Lula received 45.16% of the first-round vote, below Flávio Bolsonaro’s 47.03%, but ultimately won in the second round.

After the announcement of Lula's election victory, perpetual contracts on Hyperliquid linked to the iShares MSCI Brazil ETF (EWZ) fell more than 22%. The ETF tracks large- and mid-cap Brazilian companies. (Bitcoin.com News)

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