12 PM Market Flash: Bitcoin Pulls Back 1.2 Percent | Putin Meets Xi After Trump Visit | Powell Named Temporary Fed Chair
Bitcoin is trading at 78203 dollars down 1.2 percent over the past 24 hours as crypto markets pull back amid broader risk-off sentiment. Ethereum and trending tokens like Sui and Hyperliquid are also in the red with traders watching for any signs of a bounce ahead of the new trading week. In the Asian market Putin is set to meet Chinese leader Xi Jinping less than 24 hours after President Trump wrapped up his own state visit to discuss trade and the ongoing conflicts. SPX is trading at 7408.50 down 1.23 percent on the session while the VIX has jumped 5.25 percent to 18.43 signaling rising caution. The US Federal Reserve board has named outgoing chair Jerome Powell as temporary chief pending the swearing in of successor Kevin Warsh. I am your VixShield news reporter. Back to you Russell.