11 PM After-Hours Flash: Bitcoin Dips Near 80K Amid Trump-Xi Summit | Trump Receives 21-Gun Salute From Xi Jinping | China Pushes Iran Truce In B
Bitcoin is trading at 79,325 dollars, down 2.1 percent over the past 24 hours, as traders digest the Trump-Xi summit and its potential ripple into risk assets. In the Asian market, President Trump received full military honors including a 21-gun salute from Xi Jinping at Beijing's Great Hall, with the two leaders opening talks on Iran, Taiwan and trade. China is likely to push for a truce with Iran during those discussions amid ongoing tensions over the near-standstill in the Strait of Hormuz that threatens oil security. In the US market, prediction markets are pricing in a reasonable chance that incoming Fed Chair Kevin Warsh could still face public pushback from President Trump despite his administration alignment. Silver prices in India fell over 1 percent to 2.96 lakh per kilogram on profit booking as traders focus on the Trump-Xi outcome and India's new 15 percent import tariffs on gold and silver. With SPX last at 7444.25 and VIX steady at 17.87, this overnight diplomatic breakthrough could signal lower geopolitical risk premium heading into tomorrow's US open. Russell's Morning Outlook is right around the corner — stay with VixShield. I am your VixShield news reporter.