Bitcoin (BTC) traded near $78,000 on Thursday, but continued to face resistance at the $80,000 level as fresh disputes between the US and China weighed on risk sentiment.
The White House accused Chinese entities of running deliberate campaigns to steal American artificial intelligence technology, adding to the geopolitical uncertainty weeks before the scheduled Trump-Xi summit.
The White House escalates AI dispute with China
On a Thursday note Michael Kratsios, director of the White House Office of Science and Technology Policy, said foreign entities based in China are conducting “industrial-scale campaigns to extract American border AI systems.”
The campaigns allegedly used tens of thousands of proxy accounts and jailbreaking techniques to extract them Private data from American AI models.
The administration said it would share intelligence with U.S. artificial intelligence companies and explore measures to hold foreign actors accountable.
This announcement comes weeks before the president Trump’s scheduled visit to China in mid-May For talks with President Xi Jinping.
Bitcoin faces $80,000 resistance
Bitcoin opened at $78,193 on Thursday before falling to nearly $77,465 by early morning. commerce. The $80,000 to $80,600 range was a constant ceiling throughout April.
Shows the data on the string The realized price for cross-chain traders is $76,800 He culminated in recent relief marches. On Deribit, the $80,000 call became the most popular options trade, recording a notional value of $1.78 billion.
This suggests that traders are bracing for a breakout that has yet to materialise, with call options (buy orders) outpacing put options (sell orders) highlighting rising investor optimism.
While the AI dispute bears no direct technical connection to Bitcoin, rising friction between the US and China has historically dampened risk appetite across cryptocurrency markets.
Bitcoin price managed to recover the psychological level of $80,000. It was last tested in February, and may hinge on broader sentiment heading into the Trump-Xi meeting.
this post Bitcoin’s $80,000 target remains elusive amid new tensions between the US and China appeared first on BeInCrypto.
