BTC tests $80,000 as Asia’s bid fades and Hong Kong AI IPOs surge

Bitcoin is beginning the Hong Kong trading day under $80,000, according to CoinDesk market data, as the market once again tests a level that has repeatedly capped upside in recent sessions. Price action remains rangebound just below the $80,700 short-term holder realized price, a key on-chain level now acting as near-term resistance, Glassnode said in this week’s market update. The issue is not just another rejection near $80,000. Presto Research’s April timezone data shows Asian trading hours consistently dragged on returns, while U.S. and European sessions drove most of the gains. Hong Kong’s three spot Bitcoin ETFs — ChinaAMC, Bosera…