Trump to Meet Chinese President Xi on October 30 — Bitcoin Surges Above $111,000

The crypto market turned sharply bullish after the White House confirmed that U.S. President Donald Trump and Chinese President Xi will meet on October 30 in Washington.

The announcement sparked a surge in global risk appetite, sending Bitcoin soaring above $111,000 as traders bet on renewed U.S.–China dialogue and easing geopolitical tensions.

Trump–Xi Meeting Fuels Global Market Optimism White House Press Secretary Karoline Leavitt confirmed the meeting on Thursday, noting it will mark the first in-person encounter between Trump and Xi since the U.S. president’s return to office earlier this year.

Their only previous contact was a phone call in June 2025, but this face-to-face meeting is expected to become a pivotal moment for both economic and diplomatic relations between Washington and Beijing. The announcement comes just thirteen days after Trump imposed a 100% tariff on Chinese imports, which triggered one of the sharpest crypto sell-offs in recent history.

Leavitt emphasized that Trump “will not tolerate unfair trade practices,” adding that his administration remains focused on ensuring fair competition and bringing key manufacturing back to the United States. “The President is committed to protecting American jobs and strengthening the national economy,” Leavitt said.

Polymarket Shows 80% Chance of a U.S.–China Deal According to Polymarket, there is now an 80% probability that the U.S. and China will reach a preliminary agreement on tariff terms by November 10.

The odds have risen by 12% over the past week, reflecting growing investor confidence in a diplomatic breakthrough that could ease pressure on global markets. The development injected fresh optimism into both the crypto and equity markets, which had traded cautiously in recent weeks amid concerns about escalating tariffs.

Bitcoin Breaks $111K as Traders Bet on Diplomacy Data from TradingView shows that Bitcoin jumped over 3% in 24 hours, climbing past $111,000 following the news of the upcoming Trump–Xi summit.

The rally coincides with expectations that the U.S. Federal Reserve could soon end its quantitative tightening cycle, adding further bullish momentum to risk assets. Economists say the combination of diplomatic optimism and monetary easing expectations has created a short-term bullish setup for Bitcoin and the broader crypto market.

Standard Chartered Warns of Temporary Pressure Despite the positive sentiment, analysts at Standard Chartered warned that prolonged trade uncertainty could temporarily push Bitcoin below $100,000 if talks fail to deliver tangible results.

The bank noted that macroeconomic dynamics remain deeply intertwined with crypto performance, as investors continue to react sharply to shifts in U.S.–China relations.

Key Topics Expected at the Trump–Xi Summit The upcoming meeting is expected to focus on:

🔹 Tariff policy and trade imbalance

🔹 Supply-chain resilience

🔹 Technology cooperation and export limits

🔹 Restoring diplomatic channels after years of tension

Analysts believe the summit could lay the foundation for a new phase in U.S.–China relations, offering a potential path toward market stabilization after months of global economic uncertainty.

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