2 AM Market Flash: Bitcoin Holds Near 80K Amid Risk-Off Flows | Fiberweb FY Profit Hit by Iran Supply Shock | Trump-Xi Talk on Iran Sanctio

Bitcoin is trading at 78961 dollars down 1.7 percent over the past 24 hours and remains within 2 percent of the 80K level as weekend flows reflect broader risk-off sentiment with the VIX up more than 5 percent. In the Asian market Fiberweb India reported full year net profit of 10.01 crore rupees on total income of 86.13 crore but swung to a fourth quarter loss of 1.52 crore after the US-Iran conflict disrupted raw material supplies and the company has launched a postal ballot for a new non-executive director. Crude traders are watching comments from President Trump who said he discussed with President Xi the possibility of lifting sanctions on Chinese firms buying Iranian crude even as both leaders project alignment on Hormuz shipping despite no breakthrough on Iran. SPX is trading at 7408.50 down 1.23 percent on the session while Wall Street is already flashing warnings on the upcoming SpaceX IPO with Jim Cramer cautioning that tight share supply could distort valuations and echo dot-com era pressures. I am your VixShield news reporter. Back to you, Russell.