12 PM Market Flash: Bitcoin Surpasses 81K on Risk Rally | Trump-Xi Summit Enters Final Day | China Eyes US Oil Purchases | Oil Spikes on Ira

Bitcoin breaking above key resistance is lifting risk sentiment across crypto markets. Bitcoin is currently trading at 81,282 dollars, up 2.4 percent over the past 24 hours, with traders watching whether it can hold above the 80,000 dollar level into the new week. In the Asian market, stocks opened broadly lower as the Trump-Xi summit heads into its final day, with focus on any breakthroughs around energy purchases, Iran policy and market access. According to multiple reports, President Trump said China wants to buy US oil and soybeans, signaling a possible thaw in trade ties that could ease some supply concerns. Crude oil is feeling the heat from ongoing Middle East tensions, with Brent around 107 dollars a barrel after the US-Israel-Iran conflict disrupted flows through the Strait of Hormuz. In India, the rupee fell 30 paise to 95.94 against a stronger dollar and higher oil prices, even as the Sensex rose to 75,638. The government hiked petrol and diesel prices by 3 rupees per liter, drawing political criticism. SPX is trading at 7,501.24, up 0.01 percent on the session, while the VIX sits at 17.26, down 1.43 percent. Asian markets rallying or selling overnight often signals direction for the US open, something VIX traders will be watching. I am your VixShield news reporter. Back to you, Russell.