Bitcoin surged above $111,000 after confirmation that President Donald Trump and Chinese President Xi Jinping will meet later this month. The move came as traders reacted to news of renewed U.S.–China dialogue, fueling optimism across global markets and lifting risk assets.
Trump–Xi Meeting Boosts Market Optimism as Bitcoin Rises Over 3%
The announcement was made by White House Press Secretary Karoline Leavitt, who briefed reporters earlier today. The meeting between President Trump and President Xi is expected to take place Washington. This will mark their first in-person engagement since Trump’s return to office, following their phone conversation in June 2025.
White House Press Secretary Karoline Leavitt said that President Trump “will not tolerate unfair trade practices.” Leavitt said the U.S. remains focused on ensuring fair economic competition and bringing critical manufacturing back to the United States.
During Thursday’s press briefing, she reaffirmed the administration’s economic stance amid rising global attention on the planned meeting. The remarks come thirteen days after Trump imposed a 100% tariff on Chinese imports, a move that triggered one of the largest crashes in crypto market history.
The discussions are likely to cover trade imbalances, tariffs, supply-chain resilience, and technology cooperation. Observers believe that the two leaders could use the meeting to reset diplomatic channels after years of strained relations between Washington and Beijing.
The announcement injected short-term confidence into equities and crypto markets. Bitcoin price gained more than 3% on the day, according to TradingView data. The Bitcoin rally also comes amid broader anticipation that the U.S. Federal Reserve will soon end its quantitative tightening cycle.
Combined with diplomatic optimism, the meeting announcement added momentum to risk assets that had traded cautiously earlier in the week.
