7 AM After-Hours Flash: Bitcoin holds below 80K amid geopolitical risks | EU envoys meet Indian Congress leaders | Iran attack on Kuwaiti tanker
Bitcoin is trading at 79,546 dollars, down 1.5 percent over the past 24 hours and holding just below the key 80,000 dollar level as traders weigh fresh geopolitical risks from the Middle East. In Asian markets, European Union envoys met with Indian Congress leaders Rahul Gandhi and Salman Khurshid to discuss the thriving strategic partnership between the bloc and India amid evolving global dynamics. In the commodities market, a Kuwaiti crude oil tanker was attacked by Iran at Dubai Port, sparking a fire that has since been extinguished with no injuries reported, but the incident is raising oil-spill concerns and adding a fresh risk premium to crude. That attack comes as Iran's foreign minister urged BRICS nations to help end what he called unlawful US and Israeli actions in West Asia. With US markets closed, European pre-market futures are in focus and any escalation could push the SPX lower at tomorrow's open while lifting the VIX from its current 17.86 level. Russell's Morning Outlook is right around the corner — stay with VixShield. I am your VixShield news reporter.