United States President Donald Trump has confirmed his upcoming meeting with China’s President Xi Jinping at the Asia-Pacific Economic Cooperation (APEC) summit in Seoul. The announcement, made during a Fox News interview on Sunday, immediately sparked optimism in financial and crypto markets worldwide.
On October 19, Trump told Fox News’ Maria Bartiromo that he would meet President Xi on October 31 in South Korea. This confirmation marks a clear shift from his earlier stance, when he said there was “no reason” to attend APEC. Now, he describes Xi as “a very strong leader” and “a very amazing man,” emphasizing respect and cooperation.
Trump’s decision comes weeks after new U.S. tariffs rattled global sentiment. The tariffs targeted Chinese electronics and electric vehicles, adding tension to already strained relations. His latest remarks signal a possible de-escalation. That hope has lifted investor morale across markets.
Treasury Secretary Scott Bessent noted last week that talks were still on track despite rising pressure. Trump’s confirmation now provides clarity and renews confidence that a fair trade deal could eventually be possible.
Crypto Markets Rebound
The crypto market responded sharply. Prices surged within hours of the announcement. Bitcoin climbed by 2.3% to $109,300, recovering from its earlier slump. Ethereum traded near $4,000, while Solana jumped 4%, making it the top gainer of the day.
Overall, the global crypto market cap rose nearly 2%, signaling a wave of renewed optimism. Trading volumes soared as investors reacted to the news. Social platforms like X (formerly Twitter) were flooded with posts tagged #TrumpXiMeeting and #CryptoSurge.
Analysts say easing trade fears often drive crypto gains. The market views diplomatic progress as a green light for risk assets. Investors believe improved relations could reduce disruptions to crypto-related supply chains, especially hardware sourced from China.
This rebound follows a tough week when fear dominated after Trump’s tariff threats. Nearly $20 billion in crypto positions were liquidated then. Now, the tone has entirely shifted proof of how sensitive digital assets remain to global politics.
Global Markets
Traditional markets also benefited. U.S. futures rose over 1%, while Asian indices gained momentum. The Hang Seng opened 2.5% higher, showing regional approval of Trump’s outreach. Forex reactions were moderate, yet the U.S. dollar held firm, suggesting traders expect steady ground ahead.
Still, experts warn against early celebration. The Seoul meeting could reset trade dialogue, but much depends on results. If both sides agree on tariff moderation and technology cooperation, it could signal a turning point. On the other hand, no progress might reignite volatility.
South Korea’s President Lee Jae-myung has set the APEC summit as a stage for reconciliation and practical talks. Observers hope it leads to more predictable trade relations instead of tariff escalation.
Crypto as a Geopolitical Barometer
For investors, the next two weeks matter. The APEC summit on October 31 may decide whether recent gains hold steady or evaporate quickly. If Trump and Xi reach even a limited deal, Bitcoin could move toward $120,000, according to market analysts.
The meeting also reveals crypto’s growing role as a geopolitical indicator. Each trade signal or diplomatic headline now moves markets faster than ever. As Trump said, “We’re gonna be fine with China but we have to have a fair deal.”
That optimism now fuels both hope and speculation. Whether the surge continues will depend on what happens in Seoul. For now, markets are cheering the possibility that dialogue, not tariffs, will shape the next chapter in U.S.-China relations.
Written By Fazal Ul Vahab C H