According to @business, BASF’s third-quarter earnings beat expectations as the company navigates worsening geopolitical uncertainties that are pressuring demand. Source: Bloomberg (@business), Oct 29, 2025. IMF research shows crypto assets have become more correlated with equities during risk-on/off regimes, so European industrial earnings surprises like BASF’s can influence broader risk sentiment for BTC and ETH. Source: International Monetary Fund, 2022 report 'Crypto Prices Move More in Sync With Stocks'.