1 AM After-Hours Flash: Bitcoin Holds Near 80K Despite 2.2% Drop | BRICS Ministers Meet Amid Iran Oil Tensions

Bitcoin is trading at 79398 dollars down 2.2 percent over the past 24 hours and sitting within 2 percent of the 80 thousand dollar level as traders digest fresh signs of slowing global growth. In the Asian market BRICS foreign ministers are meeting in New Delhi with Iran's conflict oil prices and internal divisions testing the bloc's unity while Eneos CEO says the Japanese refiner is modifying equipment to process a wider range of crude grades including more stable supply from the United States and routes outside the Strait of Hormuz. US GDP figures released earlier this morning came in softer than expected with the 3-month average rising to 0.6 from 0.5 the monthly print missing at negative 0.2 against a 0.5 prior and the yearly figure slipping to 0.7 from 1.0 leaving traders focused on what this means for Fed policy and risk appetite heading into tomorrow's US open. SPX closed at 7444.25 while the VIX sits at 17.87. Russell's Morning Outlook is coming up in a few hours. I am your VixShield news reporter.