7 PM After-Hours Flash: Bitcoin Holds Near 80K Amid Risk-Off Selloff | Asian Markets Eye Legislative Election Data
Bitcoin is trading at 79,070 dollars, down 2.4 percent over the past 24 hours and sitting within 2 percent of the 80,000 dollar level as traders position for the start of the week. Crypto markets are feeling the weight of broader risk-off flows with the SPX at 7,408.50, down 1.23 percent on the session, while the VIX has climbed to 18.43, up more than 5 percent. In the Asian market, traders are watching for any reaction to today's legislative election economic release as Monday opens in Asia. Constitution Day observances on May 17 and Liberation Day releases are also on the calendar and could shape early sentiment for risk assets. For US options traders that leaves VIX futures elevated heading into the new trading week. Russell's Morning Outlook is back Monday — stay with VixShield. I am your VixShield news reporter.