Trump-Xi concluded a very important meeting that could reverse the early October crypto crash with both accepting the meeting to be positive.
Author: Sahil Thakur
30th October 2025 – The high-stakes meeting between Donald Trump and Xi Jinping took place in Busan on October 30, 2025. The meeting went quite positive according to Trump and it could very well trigger a crypto bull run. While there was no official joint statement, early reports suggest progress on several fronts. Trump described the meeting “A twelve on a scale of 0 to 10.
Tariffs were reduced. The overall rate dropped from 57% to 47%. For fentanyl-related products, the cut was sharper—from 20% to 10%. Additionally, China agreed to resume U.S. agricultural imports. Soybeans were explicitly mentioned. Both sides said the dispute was “settled.”
Export curbs on rare earth materials were also lifted. This development removes a major roadblock for U.S. tech and chip companies. The export agreement will last for one year, with a possibility to renew.
Xi noted that trade negotiators had reached a “basic consensus.” While full details are pending, both sides expect further agreements on tech, AI, and possibly TikTok.
The repercussions of the Trump Xi meeting, especially in the crypto markets are yet to be seen.
Other topics came up as well. Trump said the two leaders “discussed Ukraine very strongly,” although he did not offer specifics.
Before the meeting, Trump ordered U.S. nuclear testing to match China and Russia’s levels. Analysts see this as a potential escalation signal.
The U.S. delegation included key figures. These were Rubio from State, Lutnick from Commerce, Bessent from Treasury, Wiles as Chief of Staff, and Perdue as the Ambassador to China.
The tone of the meeting was friendly. Trump described it as “amazing” and gave it a “10 out of 10.” Xi responded with terms like “partners and friends.” Handshakes were exchanged both at arrival and departure.
Trump announced plans to visit China in April 2026. Xi will also visit the United States soon. Although no formal statement was issued, both leaders emphasized continued cooperation. Trump, speaking from Air Force One, framed the outcome as a “tactical truce” that prevented further escalation.
Earlier in October 2025, the cryptocurrency market suffered a massive crash triggered by a sharp escalation in U.S.–China tensions. Former President Donald Trump announced 100% tariffs on Chinese tech exports and proposed sweeping export controls on critical software in retaliation for China’s restrictions on rare-earth mineral exports.
This unexpected geopolitical move rattled global markets and led to widespread panic selling in crypto. Bitcoin plunged over 8%, Ethereum dropped by more than 12%, and nearly $19 billion in leveraged positions were liquidated within 24 hours. The scale and speed of the downturn marked it as one of the largest single-day collapses in crypto history, driven by fears of global economic instability and aggressive risk unwinding.
Immediately after the Trump Xi meeting , crypto markets dipped. Over $200 million in positions were liquidated. Bitcoin fell to nearly $106,000. The absence of a joint statement and news on nuclear testing may have triggered risk-off sentiment.
However, the rebound came quickly. Bitcoin rose 4% to around $109,000. Ethereum jumped 6%. Analysts say the rare earth deal and lower tariffs could boost the tech sector. This would likely benefit altcoins tied to AI and infrastructure.
Tokens like Solana and Chainlink have already moved higher. Gains ranged between 8% and 12%.
If follow-up agreements materialize, Bitcoin could reach $120,000 by the end of the week. Whales appear to be accumulating again. Some traders expect a strong V-shaped recovery if trade tensions stay low.
The broader tone of the meeting, including Trump’s pro-crypto stance, is fueling bullish momentum.
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