11 PM After-Hours Flash: Bitcoin Holds Near 80K as Risk-Off Hits | Iran Urges India to Expand Chabahar Role | BRICS Summit Fails on Iran Joint St
Bitcoin is trading at 79,056 dollars, down 2.7 percent over the past 24 hours and sitting within 2 percent of the 80,000 dollar level as weekend flows reflect broader risk-off sentiment. The move comes 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, signaling traders are bracing for volatility heading into the new week. In the Asian market, Iran's foreign minister is urging India to expand its role at the Chabahar port and step up as a bigger player in West Asia peace efforts, while reaffirming Tehran's willingness to resume energy exports to New Delhi once sanctions ease. That adds to the geopolitical risk premium already priced into oil and emerging-market currencies. Multiple outlets are reporting the BRICS summit failed to produce a joint statement on the Iran conflict amid deepening divisions among member states, a development that leaves traders watching for any spillover effects on commodity supply chains and dollar funding costs. For US options traders this means the VIX pop could extend if Asian risk signals intensify at Tokyo open. Russell's Morning Outlook is back Monday — stay with VixShield. I am your VixShield news reporter.