Donald Trump confirmed he will meet Xi Jinping at the APEC summit on October 31, reigniting investor optimism.
The crypto market responded positively, with Bitcoin and altcoins gaining up to 4%.
Earlier trade tensions had triggered a $20 billion liquidation event, the worst in crypto history.
Market analysts believe the bull trend remains intact despite recent volatility.
The Trump Xi crypto summit could mark a turning point for global risk sentiment and digital asset momentum.
In an interview with Fox News’ Maria Bartiromo, Trump stated:
“We’re going to meet in a couple of weeks. We’re going to meet in South Korea, with President Xi and other people, too.”
The confirmation comes after months of uncertainty and escalating rhetoric, where Trump had previously indicated he had “no reason” to meet Xi.
Donald Trump Speaking To Maria Bartiromo About The Upcoming Meeting With Xi Jinping
Source: Fox News
That earlier statement coincided with the announcement of additional U.S. tariffs on Chinese imports, triggering panic across both traditional and digital markets.
Just weeks ago, the crypto markets faced one of the worst liquidation events in their history, sparked in part by Trump’s earlier trade-related posts on social media.
Nearly $20 billion in crypto derivatives were liquidated in a matter of hours. The collapse wiped out more than 99% of value from certain altcoins, underscoring the sector’s vulnerability to macroeconomic signals.
Following the Trump Xi crypto summit announcement, investor sentiment rebounded swiftly. Bitcoin (BTC) rose over 2%, with Ethereum (ETH) and BNB gaining 3.5% each. Solana (SOL) led the altcoin rally with a nearly 4% increase, based on data from TradingView.
Crypto Market Snapshot
Source: TradingView
Before the summit news broke, the Crypto Fear and Greed Index had plunged to 22, signaling “Extreme Fear.” The index has since begun to recover, mirroring rising investor confidence.
Analysts from the Kobeissi Letter suggested the market’s recent pullback was largely technical in nature, not a sign of a broken trend:
“The long-term bull trend remains intact despite short-term volatility driven by geopolitical headlines.”
This sentiment appears to be gaining traction among institutional and retail investors alike.
Although crypto markets are often viewed as decoupled from traditional finance, major geopolitical developments, especially those involving the U.S. and China, can ripple through the digital asset ecosystem.
Trade negotiations affect global risk appetite.
Tariffs and sanctions can impact mining operations and blockchain investments in Asia.
Investor sentiment is sensitive to uncertainty and instability.
In a shift from previous remarks, Donald Trump called Xi Jinping:
“A very strong leader, a very amazing man… I think we’re gonna be fine with China, but we have to have a fair deal.”
This softer tone has been interpreted as a signal of de-escalation, further boosting market optimism ahead of the Trump Xi crypto summit.
The meeting is scheduled for October 31st during the APEC summit in Seoul, South Korea.
Crypto markets surged, with Bitcoin gaining 2% and altcoins like ETH, BNB, and SOL rising between 3–4%.
Trump’s earlier stance on not meeting Xi Jinping and the announcement of additional tariffs created uncertainty, leading to a $20 billion liquidation in crypto derivatives.
Analysts suggest the market remains in a long-term uptrend, though short-term volatility remains likely due to geopolitical headlines.
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