According to @business, French banks led a broad decline in European equities after Prime Minister Lecornu resigned, sparking a new political crisis and pressuring regional bank shares and indexes lower, which weighed on the wider market, source: @business. Bank equity stress can spill over to sovereign risk and broader financial conditions, elevating cross-asset risk aversion during political shocks, source: European Central Bank, Financial Stability Review 2023. For crypto traders, IMF analysis shows BTC and ETH increasingly move in tandem with equities during risk-off episodes, implying higher volatility risk for digital assets when bank-led selloffs hit stocks, source: International Monetary Fund, 2022 analysis Crypto Prices Move More in Sync With Stocks. Near term, traders can monitor Euro area bank indices and EUR risk gauges while tracking BTC and ETH intraday correlation with equity benchmarks to calibrate positioning, source: International Monetary Fund 2022 analysis; European Central Bank, Financial Stability Review 2023.