- The White House has confirmed an October 30, 2025, meeting between U.S. President Donald
Trump and Chinese President Xi Jinping at the APEC Summit in South Korea. - Bitcoin climbed above $111,000 in early European trading, while the Euro Stoxx 50 and Germany’s DAX indices gained 0.25% and 0.15%, respectively.
- The development comes ahead of potential 100% U.S. tariffs on Chinese imports set for November 1, 2025, unless a deal is reached.
Markets displayed cautious optimism on Friday after the White House confirmed a key meeting between U.S. President Donald Trump and Chinese President Xi Jinping, propelling Bitcoin above $111,000 and supporting gains in European stocks.
The leaders are scheduled to convene on October 30, 2025, during the Asia-Pacific Economic Cooperation (APEC) Summit in South Korea—their first in-person dialogue since Trump’s inauguration, as detailed by CoinDesk.
European benchmarks advanced modestly, with the Euro Stoxx 50 index up 0.25% and Germany’s DAX rising 0.15%. S&P 500 futures also increased by 0.3%, contrasting with a nearly 1% drop in gold to $4,089 as U.S. inflation figures approached.
This market uplift reflects hopes for de-escalation in U.S.-China trade frictions. Trump recently imposed 100% tariffs on Chinese goods in retaliation for China’s rare earth export curbs, effective November 1, 2025, absent a breakthrough.
The announcement follows recent crypto market turmoil, including nearly $10 billion in liquidations triggered by the tariff news earlier this month.
Analysts warn that while the meeting offers short-term relief, unresolved issues could heighten volatility in risk assets like Bitcoin. Recent rebounds in Bitcoin and Ethereum highlight market sensitivity to geopolitical shifts.
Amid these tensions, stablecoin payments have surged to $19.4 billion year-to-date, underscoring crypto’s role in uncertain times. Background on tariff impacts includes Bitcoin’s earlier dip below $118,000 following Trump’s warnings, as noted by Bitcoin.com News.
Bitcoin (BTC) and Ethereum (ETH) remain central to these dynamics. For further context on tariffs and market rebounds, refer to related articles from Cryptopress.site.
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