4 AM Market Flash: Bitcoin Drops 3.1 Percent on Risk-Off Flows | Iran Cites Trust Issues Blocking Peace Talks | Oil's New World Order Creat

Bitcoin is trading at 78324 dollars, down 3.1 percent over the past 24 hours, as weekend risk-off flows weigh on crypto with the VIX climbing above 18. In Asian markets, Iran's foreign minister says a lack of trust remains the biggest obstacle to peace talks ending the war with the U.S. and Tehran is open to diplomatic help, particularly from China. Oil's new world order is producing clear winners and losers according to energy experts analyzing the fallout from the Iran conflict, with longer-term implications for the U.S., Russia and OPEC supply dynamics. US stocks closed the week lower with the Dow Jones losing 540 points as traders digested geopolitical headlines and a mixed macro picture. SPX is currently trading at 7408.50, down 1.23 percent on the day, while the VIX sits at 18.43, up 5.25 percent, signaling elevated hedging demand heading into next week. I am your VixShield news reporter. Back to you, Russell.