Bitcoin (BTC) has climbed above $113,000 as optimism grew forward of President Donald Trump’s assembly with Chinese President Xi Jinping. The rally coincided with remarks from U.S. Treasury Secretary Scott Bessent, who stated the 2 leaders now have “the framework” for a productive dialogue.
Optimism Ahead of Trump–Xi Meeting Fuels Bitcoin Rally
Bessent instructed NBC’s Meet the Press that the talks might be “fantastic for U.S. citizens, for U.S. farmers, and for our country in general.” His assertion got here simply hours earlier than the assembly, which buyers see as a key step towards easing world commerce tensions.
.@SecScottBessent on President Trump’s assembly with Xi Jinping: “I believe that we have the framework for the two leaders to have a very productive meeting for both sides — and I think it will be fantastic for U.S. citizens, for U.S. farmers, and for our country in general.” pic.twitter.com/0DpRyk45Js
— Rapid Response 47 (@RapidResponse47) October 26, 2025
The upbeat tone helped strengthen broader market sentiment, with BTC price gaining 1.62% during the last 24 hours, in line with TradingView. The main cryptocurrency traded round $113,479 after surging from its earlier shut of $111,668.
Traders Bet on Fed Rate Cuts as Liquidity Expectations Rise
This enhancing sentiment coincides with rising expectations of financial easing. According to CME Group’s FedWatch data, markets now assign a 98.3% likelihood of one other Federal Reserve charge lower. The transfer is predicted to happen by the October 2025 assembly.
The info signifies that many now consider that U.S. interest rates will be lowered further than the present 400-425 foundation factors. This can even point out that the market has turned in direction of easing. These expectations are thought-about a liquidity power for danger belongings, particularly Bitcoin.
Fresh Trade Momentum Adds to Bitcoin’s Bullish Boost
According to a Bloomberg report, prime U.S. and Chinese commerce negotiators reached a preliminary consensus on a variety of financial points. This clears the way in which for Presidents Trump and Xi to finalize a sweeping commerce deal later this week.
The two sides reportedly agreed on contentious factors resembling export controls, fentanyl regulation, and transport levies. The transfer marks essentially the most important progress since tensions peaked earlier this month.
Bessent stated he expects Trump’s earlier risk of 100% tariffs on Chinese goods was “effectively off the table.” These developments helped stabilize market expectations that had been rattled by the prospect of one other tariff escalation.
Chinese commerce envoy Li Chenggang additionally confirmed each side reached consensus on fentanyl and port service charges. This alerts a softening tone from Beijing after weeks of heated exchanges.
