Crypto Market Adds $50B After Trump Confirms Oct. 31 Summit With Xi
Global Markets - Including Cryptocurrencies - Jump On Sunday News Of Trump Xi Meeting US President Donald Trump dropped...
Quick overview
- US President Trump announced a meeting with Chinese President Xi Jinping at the APEC summit on October 31, signaling a potential thaw in US-China relations.
- The news led to a $50 billion surge in the cryptocurrency market, with major assets like Bitcoin and Ethereum experiencing significant gains.
- Analysts suggest that improving US-China relations could boost investor confidence and stabilize the crypto market after recent volatility.
- The Crypto Fear and Greed Index has rebounded from extreme fear, indicating a shift in market sentiment towards optimism.
Global Markets – Including Cryptocurrencies – Jump On Sunday News Of Trump Xi Meeting
US President Donald Trump dropped a major hint sunday that he’s found time to sit down with Chinese President Xi Jinping at the Asia-Pacific Economic Cooperation (APEC) summit in Seoul, South Korea – kicking off on Oct 31st to boot.
“We’ll be meeting in a couple of weeks in South Korea with President Xi and a few other people too,” Trump told a Fox News chat with Maria Bartiromo , sending out a signal that there might be a thaw in the currently pretty chilly US-China relations.
The news marked a pretty quick turnaround from Trump’s previous stance – remember when he said there was “no reason” to meet Xi and slapped on new tariffs on imported chinese goods? That escalated pretty quick and set off a panic across just about every risk asset – even crypto got hit with a massive $20 billion in liquidations. People lost a tidy sum across major exchanges.
Now though, with the possibility of a bit of diplomatic chat between the world’s two biggest economies looking a bit more likely, traders are starting to think maybe tensions will ease and trade co-operation might be back on the table – all of which is sending a very optimistic message to the markets.
Crypto Weekend Rebound! 📈😎
Market Recovery Signs
After last week's $19B liquidation scare, the market’s bouncing back! BTC is up 1.8% to $108,731, and ETH gained 2.3% to $3,957, with alts like DOGE (+3.8%) joining the rally.Trading Activity
Volume held steady at ~$50B… pic.twitter.com/mE51xNWyeR— Aitbot (@aitradebotx) October 20, 2025
the key bits:
- Trump just confirmed face-to-face meeting with Xi on oct 31st for all to see
- the crypto market is up by $50 billion in just 24 hours – no small feat
- traders think lowering tariffs might be a pretty big macro sign that things are going to get better
Crypto Prices Bounce Back ‘After The Worst Liquidation Ever
The news sparked a very swift rally across the digital asset scene. Bitcoin went up 2% to $110,459 – not bad. Ethereum climbed 3.5% to $4,052, while BNB jumped up to $1,125.67, and Solana gained nearly 4%. all of this based on data from TradingView.
This rebound came on the back of the worst crypto liquidation event in history – you know, when Trump dropped that tariff bombshell earlier this month? it caught a lot of leveraged traders by surprise – thin liquidity, too much leverage and market wide panic all made it a pretty rough ride for a lot of people, and open interest plummeted to multi-month lows
while things are still pretty uncertain, analysts reckon the rally we’re seeing right now is a sign that we might just be stabilizing – that the scary headlines we’ve been seeing are starting to ease off a bit
🚨 Crypto market's a bloodbath! $50B+ in longs wiped out. 😱
We're near the bottom, and CT's holding its breath for a bullish spark. 🔥
My crew's portfolios got crushed, and chasing losses is sinking them deeper. 📉
If you've got ANY funds left, listen up: STOP revenge…
— Wallah Habebe (@ComeinDubai) October 19, 2025
Sentiment Shifts From “we’re all doomed” Back To “this might just be okay”
The Crypto Fear And Greed Index, which was at a pretty scary 22 (“Extreme Fear”) just last friday has started to rebound amid the renewed whisper of a US-China summit. analysts from The Kobeissi Letter reckon that the recent drama was mainly “technical” and that the long-term bull trend is still intact.
If the US and China can actually manage to sort out their differences and improve relations, this could have a couple of pretty big effects on the market – it might boost investor confidence, especially for Bitcoin as it tries to cement its role as a global hedge asset and maybe even bring in some cash from people who are feeling a bit more risk-tolerant at the end of the year.
If this diplomatic progress does keep going, the October 31 summit in Seoul could end up being a bit of a turning point for crypto markets and put a smile back on the faces of a lot of nervous investors after a pretty wild few weeks in the digital asset space.
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