Brazil's currency just took another beating—the real plunged 2.2% today as election headlines rattled traders. This ongoing selloff reflects deeper structural concerns investors have about the country's fiscal path. When emerging market currencies get hammered like this, it typically signals broader risk-off sentiment that can ripple through all speculative assets. Worth watching how this plays out, especially since macro instability in major economies often drives capital flows into or out of crypto markets. The real's weakness isn't happening in isolation—it's part of a larger story about global risk appetite right now.