Crypto markets surge as Trump confirms October 31 summit with Xi Jinping

Crypto markets experienced a surge following US President Donald Trump's confirmation of a meeting with Chinese President Xi Jinping at the Asia-Pacific Economic Cooperation (APEC) summit in South Korea, scheduled for October 31. This news was viewed as a positive catalyst due to the de-escalation of trade tensions between the US and China. Trump expressed optimism about reaching a "fair deal" with China, contrasting with his previous stance where threats of additional tariffs had previously caused a significant downturn in crypto markets, including a historic liquidation event. Following the confirmation, Bitcoin (BTC) rose about 2%, while Ether (ETH), BNB (BNB), and Solana's SOL also saw gains, signaling a positive shift in market sentiment which had recently hit a six-month low of "Extreme Fear."

(Source：Cointelegraph)