Trump Confirms Oct. 31 APEC Meeting With Xi in Seoul, Lifting Crypto Prices
Investors read the planned talks as a thaw in U.S.–China tensions that improved crypto risk appetite.
Overview
- Bitcoin rose about 2% after Trump’s Fox News confirmation, with Ether and BNB up roughly 3.5% and Solana nearly 4%, according to TradingView data.
- The confirmed summit marks a shift from Trump’s earlier view that there was “no reason” to meet at APEC.
- Treasury Secretary Scott Bessent said relations have “de-escalated” and expects to meet Chinese Vice Premier He Lifeng this week.
- Recent tariff worries had coincided with nearly $20 billion in crypto derivatives liquidations and a Crypto Fear & Greed Index reading of 22.
- September CPI is due Friday after a shutdown delay, the last major data point before next week’s Fed meeting, as Netflix, Tesla and Intel post earnings this week.