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8 PM After-Hours Flash: Bitcoin Dips 1.4% Amid Geopolitical Risk | Trump-Xi Summit Focuses on Trade and Iran | Senate Confirms Kevin Warsh as Fe

Bitcoin is trading at 79,278 dollars, down 1.4 percent over the past 24 hours, as risk-off flows hit crypto amid escalating Middle East tensions. In the Asian market, President Trump has landed in Beijing for a high-stakes summit with President Xi Jinping, where the agenda includes trade, technology controls, Taiwan arms sales, and the Iran conflict. Multiple outlets are reporting that the looming U.S.-Israeli confrontation with Iran is realigning alliances, tightening Iran's hold on the Strait of Hormuz, and sending shock waves through global energy markets. In the US market, the Senate has confirmed Kevin Warsh as the next Federal Reserve Chair in the most divisive vote in history, just as Jerome Powell's term ends on May 15th. Traders are watching how this leadership shift and the geopolitical flare-up could drive tomorrow's US open, with SPX last marked at 7444.25. Russell's Morning Outlook is right around the corner — stay with VixShield. I am your VixShield news reporter.

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