7 AM After-Hours Flash: Bitcoin Breaks Key Resistance Near 80K | Trump Tells Xi He Avoids Taiwan Defense Talk | Iran Pivots to China Amid US Mis

Bitcoin breaking above key resistance is lifting risk sentiment overnight with the cryptocurrency currently trading at 80,707 dollars, up one and a half percent over the past 24 hours. In the Asian market, President Trump told China's Xi he does not talk about whether the U.S. would defend Taiwan, while the pair also discussed Iran and trade deals. Iranian Foreign Minister Araghchi is meanwhile pivoting toward China as a mediator after citing mistrust in U.S. talks and urging India to keep investing in the Chabahar port despite American sanctions. The dollar is surging on rate hike speculation and global tensions, poised for its largest weekly gain in months as inflation concerns and rising energy prices push Fed bets higher. In the US market, the Trump-Xi summit drew only a muted reaction from traders. SPX is trading at 7,501.24, essentially flat on the session, while the VIX has jumped to 18.90, up nearly eight percent. Russell's Morning Outlook is right around the corner — stay with VixShield. I am your VixShield news reporter.