5 PM After-Hours Flash: Bitcoin Holds Near 80K | China Tweaks Rubio Name for Trump-Xi Meet | Senate Confirms Warsh as New Fed Chair
Bitcoin is trading at 79,563, down 1.5 percent over the past 24 hours, holding near the 80,000 level as traders digest fresh political headlines from Asia and Washington. In the Asian market, China changed the spelling of Marco Rubio's name in an apparent diplomatic workaround to sidestep sanctions ahead of the upcoming Trump-Xi meeting. In the US market, the Senate has confirmed Kevin Warsh as the new Federal Reserve chair, replacing Jerome Powell at a critical time for global policy. Warsh is expected to act independently while building consensus inside the FOMC, leaving markets focused on the next path for US interest rates. SPX closed the regular session at 7,444.25 with little net change. VIX sits at 17.87. This Fed leadership shift and any resulting rate signals could feed directly into tomorrow's US open and options positioning. Russell's Morning Outlook is right around the corner — stay with VixShield. I am your VixShield news reporter.