Bitcoin traded around the $78,000 level but again failed to break above the key resistance level of $80,000, as renewed tension between the United States and China dented risk appetite in the cryptocurrency market. The White House stepped up its stance on AI, while on-chain indicators pointed to resistance near $76,800. In derivatives, Deribit’s $80,000 call options held the largest share, with a notional value of $1.78 billion.

Bitcoin retreated to about $77,600 after failing to break the $80,000 level, down 0.7 percent since midnight UTC, CoinDesk reported. Risk assets weakened as oil rose 1.5 percent to $103 a barrel after reports the United States seized three Iranian tankers in Asian waters. Ether fell 2.5 percent to $2,320. Futures open interest eased but remained high, while negative perpetual funding pointed to bearish leverage.