Bitcoin surged above $111,000 after affirmation that President Donald Trump and Chinese 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 world markets and lifting danger belongings.
Trump–Xi Meeting Boosts Market Optimism as Bitcoin Rises Over 3%
The announcement was made by White House Press Secretary Karoline Leavitt, who briefed reporters earlier right now. The assembly between President Trump and President Xi is predicted to happen Washington. This will mark their first in-person engagement since Trump’s return to workplace, following their telephone dialog in June 2025.
White House Press Secretary Karoline Leavitt mentioned that President Trump “will not tolerate unfair trade practices.” Leavitt mentioned the U.S. stays centered on making certain truthful financial competitors and bringing important manufacturing again to the United States.
During Thursday’s press briefing, she reaffirmed the administration’s financial stance amid rising world consideration on the deliberate assembly. The remarks come 13 days after Trump imposed a 100% tariff on Chinese imports, a transfer that triggered one of many largest crashes in crypto market historical past.
The discussions are more likely to cowl commerce imbalances, tariffs, supply-chain resilience, and know-how cooperation. Observers consider that the 2 leaders may use the assembly to reset diplomatic channels after years of strained relations between Washington and Beijing.
The announcement injected short-term confidence into equities and crypto markets. Bitcoin price gained greater than 3% on the day, in accordance with TradingView knowledge. The Bitcoin rally additionally comes amid broader anticipation that the U.S. Federal Reserve will quickly finish its quantitative tightening cycle.
Combined with diplomatic optimism, the assembly announcement added momentum to danger belongings that had traded cautiously earlier within the week.
