9 PM After-Hours Flash: Bitcoin Tops 81K on Risk Rally | Trump-Xi Talks Ease Iran Tensions
Bitcoin breaking above key resistance is lifting risk sentiment tonight with the crypto now trading at 81,212 up 2.3 percent over the past 24 hours. In the Asian market President Trump says his call with China's Xi Jinping produced a pledge that Beijing will not send military gear to Iran while Trump signaled Xi would love to help calm the conflict in the Strait of Hormuz. That news is keeping a lid on oil supply fears even as traders watch for any further escalation that could choke global energy flows. US GDP growth rate came in with the previous reading at 2.7 percent and the SPX is holding steady at 7,501 while the VIX has eased to 17.26 down 1.43 percent. European pre-market futures are mixed heading into tomorrow's US session with options traders monitoring any spillover from the Middle East developments that could widen volatility. Russell's Morning Outlook is right around the corner — stay with VixShield. I am your VixShield news reporter.