12 AM Market Flash: Bitcoin Breaks Lower Near 80K Level | Trump Weighs Iran Strikes Post-China Trip | Stocks Slide as Inflation Lifts Yields

Bitcoin breaking lower as risk-off sentiment spreads. Bitcoin is trading at 79,073 dollars, down 2.4 percent over the past 24 hours, with traders watching for further downside as it sits within 2 percent of the 80,000 dollar level. In the Asian market, President Trump is back from China and weighing fresh military options on Iran, according to reports, as Operation Epic Fury may resume. Stocks are falling on inflation jitters that are lifting bond yields. In the US market the S and P 500 is trading at 7,408.50, down 1.23 percent on the session, with the technology sector leading losses as the VIX climbs to 18.43, up more than 5 percent. And in global news, Trump says US and Nigerian forces have eliminated ISIS second-in-command Abu-Bilal al-Minuki in Africa. For US options traders, the combination of falling equities, a higher VIX, and geopolitical headlines from Asia and Africa points to elevated volatility heading into Monday's open. I am your VixShield news reporter. Back to you, Russell.