U.S. President Donald Trump has confirmed a meeting with Chinese President Xi Jinping at the APEC summit in Seoul on October 31, 2025. This announcement reverses previous indications that no meeting would occur, easing trade tensions between the U.S. and China. The news sparked a recovery in the cryptocurrency market, with Bitcoin climbing 2% and major altcoins seeing gains between 3.5% and 4%. Prior to this confirmation, the crypto market faced significant volatility, with $20 billion in crypto derivatives liquidations during the period when a meeting seemed unlikely. The renewed optimism following Trump's announcement has provided a boost to the market, highlighting the sensitivity of crypto assets to geopolitical developments.