Bitcoin surged above $111,000 after affirmation that President Donald Trump and Chinese language President Xi Jinping will meet later this month. The transfer got here as merchants reacted to information of renewed U.S.–China dialogue, fueling optimism throughout international markets and lifting danger belongings.
Trump–Xi Assembly Will Enhance Market Optimism
The announcement was made by White Home Press Secretary Karoline Leavitt, who briefed reporters earlier right now. The assembly between President Trump and President Xi is predicted to happen Washington. This can mark their first in-person engagement since Trump’s return to workplace, following their cellphone dialog in June 2025.
Throughout Thursday’s press briefing, she reaffirmed the administration’s financial stance amid rising international consideration on the deliberate assembly. The remarks come 13 days after Trump imposed a 100% tariff on Chinese language imports, a transfer that triggered one of many largest crashes in crypto market historical past.
White Home Press Secretary Karoline Leavitt stated that President Trump “won’t tolerate unfair commerce practices.” Leavitt stated the U.S. stays targeted on making certain honest financial competitors and bringing important manufacturing again to the USA.
Polymarket Odds Indicators Confidence in Constructive Trump–Xi Talks as Bitcoin Rises
In response to the Polymarket prediction platform, there’s an 80% likelihood that the USA and China will agree on tariff phrases by November 10. This means growing optimism on talks concerning tariffs and different vital issues that might affect Bitcoin worth and the broader crypto market.
The likelihood has elevated by 12% throughout the final week. It’s a good signal that traders are contemplating the Trump-Xi assembly as a determinant of stability in commerce insurance policies.
Current evaluation by Commonplace Chartered on Bitcoin means that extended commerce tensions may quickly push its worth beneath $100,000. This highlights how macro developments proceed to form crypto efficiency
The announcement of the assembly injected short-term confidence into equities and crypto markets. Bitcoin worth gained greater than 3% on the day, in response to TradingView information. The Bitcoin rally additionally comes amid broader anticipation that the U.S. Federal Reserve will quickly finish its quantitative tightening cycle.
The discussions are more likely to cowl commerce imbalances, tariffs, supply-chain resilience, and expertise cooperation. Observers consider that the 2 leaders may use the assembly to reset diplomatic channels after years of strained relations between Washington and Beijing. Mixed with diplomatic optimism, the assembly announcement added momentum to danger belongings that had traded cautiously earlier within the week.
