Trump's Beijing Summit Is Bitcoin's Biggest Macro Test of the Week!

Bitcoin is hovering just below $80,000 as President Trump lands in Beijing for a high-stakes meeting with Xi Jinping — and the crypto market is treating the visit as a live stress test for its latest risk rally. The delegation includes Treasury Secretary Scott Bessent, Secretary of State Marco Rubio, and a roster of tech CEOs: Jensen Huang, Elon Musk, and Tim Cook, whose presence underscores how deeply US-China tensions now run through chips, AI, EVs, and global supply chains.

The macro backdrop heading into the summit is already unfriendly. April CPI came in at 3.8% year-over-year, core at 2.8%, and PPI surged 6% annually with a 1.4% monthly gain — the largest since March 2022. The 10-year Treasury yield has pushed back toward 4.4%, compressing the speculative cushion that risk assets like Bitcoin depend on.

Wintermute analysts flagged that BTC's push above $80,000 was driven heavily…