Trump confirms October 31 meeting with Xi Jinping
United States President Donald Trump confirmed on Sunday that he will meet China’s President Xi Jinping at the Asia-Pacific Economic Cooperation (APEC) summit in Seoul, Korea, starting October 31.
“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,” Trump told Fox News host Maria Bartiromo, signaling easing tensions between the two nations.
Trump praised Xi Jinping as “a very strong leader” and “an amazing man,” adding that while the US seeks a fair trade deal, relations with China are improving.
From trade tensions to crypto chaos
Earlier statements by Trump suggested there was “no reason” to meet Xi at the APEC summit, followed by the announcement of new trade tariffs on China. Those comments triggered a massive sell-off across crypto markets, wiping out up to 99% of value on some altcoins.
Trump’s social media posts also sparked nearly $20 billion in crypto derivatives liquidations — the largest in history — fueled by excessive leverage and low liquidity.
Market rebounds as optimism returns
Bitcoin (BTC) rose about 2% on Sunday following Trump’s remarks, reaching $109,168, while Ether (ETH) climbed 3.5% to $3,988. BNB also gained 3.5% to $1,118.28, and Solana (SOL) jumped nearly 4% to $189.05, according to TradingView data.
Analysts see the dip as short-lived
After the crash, the Crypto Fear and Greed Index dropped to 22, indicating “Extreme Fear.” However, analysts at the Kobeissi Letter expect the downturn to be short-lived, noting that technical factors caused the dip while the broader bull trend remains intact.
As the US and China move toward dialogue, investors appear ready to reenter the market, with renewed optimism fueling a rebound across major cryptocurrencies.
