Bitcoin (BTC) traded near $78,000 on Thursday but continued to face resistance at the $80,000 level as fresh US-China friction weighed on risk sentiment.
The White House accused Chinese entities of running deliberate campaigns to steal American AI technology, adding to geopolitical uncertainty weeks before a planned Trump-Xi summit.
White House Escalates AI Dispute With China
In a Thursday memo 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 distil US frontier AI systems.”
The U.S. has evidence that foreign entities, primarily in China, are running industrial-scale distillation campaigns to steal American AI. We will be taking action to protect American innovation.
These foreign entities are using tens of thousands of proxies and jailbreaking… pic.twitter.com/kSp1FReI7J
— Director Michael Kratsios (@mkratsios47) April 23, 2026
BTC opened at $78,193 on Thursday before retreating to roughly $77,465 by early morning trading. The $80,000 to $80,600 band has acted as a consistent ceiling throughout April.
On-chain data shows the Traders’ On-Chain Realized Price at $76,800 has capped recent relief rallies. On Deribit, the $80,000 call has become the most popular options trade, recording a notional value of $1.78 billion.
This suggests traders are positioning for a breakout that has yet to materialize, with call options (buy orders) exceeding put options (sale orders) highlighting higher investor optimism.
While the AI dispute carries no direct technical link to Bitcoin, escalating US-China friction has historically dampened risk appetite across crypto markets.
The Bitcoin price being able to reclaim the $80,000 psychological level,. last tested in February, may hinge on broader sentiment heading into the Trump-Xi meeting.
