Trump Confirms Meeting With China, Bitcoin Rebounds

President Donald Trump confirmed an upcoming meeting with China’s President Xi Jinping at the APEC summit on October 31, 2025. This reversed his prior stance of no meeting, resulting in a sharp recovery in the crypto markets including Bitcoin and major altcoins.

Trump initially signaled escalating tariffs and ruled out a meeting. His reversal eased trade tensions, which were acknowledged with a public statement:

“We’re going to meet in South Korea, with president Xi and other people, too… I think we’re gonna be fine with China, but we have to have a fair deal. It’s going to be fair.” Fox News

The news spurred a positive reaction in the crypto markets, notable for a 2% rise in Bitcoin. Major altcoins saw gains between 3.5% and 4%, reversing the market’s prior sentiment characterized by “Extreme Fear.”

Financial implications are evident as the cryptocurrency Fear & Greed Index improved markedly post-announcement, highlighting a shift from uncertainties fueled by previous U.S.-China tariff confrontation episodes to trade optimism.

Prior to the confirmation, uncertainties led to substantial market turbulence. With $20B in crypto derivatives liquidations during Trump’s earlier “no meeting” phase, the subsequent confirmation suggests a strategic easing of economic tensions.

Historical patterns suggest similar geopolitical events significantly impact market sentiment. The historical volatility of cryptocurrencies during U.S.-China trade tensions emphasizes the importance of diplomatic relations in economic stability for digital assets.