Bitcoin climbed 2.3% to $96,800 as the US-China summit concluded in Beijing, despite no direct mention of cryptocurrencies. The summit, held on May 14-15, focused on trade tensions, particularly US export curbs on AI semiconductors like NVIDIA's H100 chips, valued at over $15 billion annually. Discussions also included extending the October 2025 trade truce, impacting critical minerals for crypto mining hardware. The summit's outcomes could influence Chinese crypto mining operations, which have been constrained by US chip restrictions since 2022. A potential easing of these restrictions might allow Chinese miners to access advanced semiconductors, affecting global hash rates and mining profitability. AI-adjacent tokens, such as FET, saw gains, reflecting market optimism about possible policy shifts.