9 PM After-Hours Flash: Bitcoin Dips as Geopolitical Risks Mount | Asian Energy Shock from Persian Gulf Crisis | Rubio Urges China to Pressure I
Bitcoin is trading at 79,567, down 1.4 percent over the past 24 hours, as traders digest fresh geopolitical risks from the Middle East that are rippling through crypto and Asian markets. In the Asian market, energy prices are surging with the Japan-Korea Marker LNG benchmark holding 51 percent above pre-Hormuz levels at 16.02 dollars per MMBtu according to the US Energy Information Administration, as CFD broker Mitrade launches its free Decoding Trumponomics ebook tracing how US trade policy and Middle East conflict have reshaped the region's most-traded assets. In the Asian market, Secretary of State Marco Rubio is urging China to pressure Iran to ease Persian Gulf tensions warning the crisis threatens Asian energy security and global trade, while Presidents Xi and Trump are expected to sit down for far-reaching talks on the Iran conflict, bilateral trade, technology and Taiwan. In the commodities market, shifting alliances are in focus with Trump's Beijing visit aimed at securing Chinese support to resolve the US-Iran conflict as Iran asserts control over the Strait of Hormuz, directly impacting global oil supply. This geopolitical premium is keeping risk sentiment in check heading into tomorrow's US session with SPX last closing at 7444.25 and the VIX holding at 17.87. Russell's Morning Outlook is right around the corner — stay with VixShield. I am your VixShield news reporter.