Bitcoin (BTC) has climbed above $113,000 as optimism grew forward of President Donald Trump’s assembly with Chinese language President Xi Jinping. The rally coincided with remarks from U.S. Treasury Secretary Scott Bessent, who mentioned the 2 leaders now have “the framework” for a productive dialogue.
Optimism Forward of Trump–Xi Assembly Fuels Bitcoin Rally
Bessent informed NBC’s Meet the Press that the talks shall be “improbable for U.S. residents, for U.S. farmers, and for our nation usually.” His assertion got here simply hours earlier than the assembly, which traders see as a key step towards easing international commerce tensions.
.@SecScottBessent on President Trump’s assembly with Xi Jinping: “I consider that we now have the framework for the 2 leaders to have a really productive assembly for each side — and I believe it will likely be improbable for U.S. residents, for U.S. farmers, and for our nation usually.” pic.twitter.com/0DpRyk45Js
— Speedy Response 47 (@RapidResponse47) October 26, 2025
The upbeat tone helped strengthen broader market sentiment, with BTC worth gaining 1.62% over the past 24 hours, in accordance with TradingView. The main cryptocurrency traded round $113,479 after surging from its earlier shut of $111,668.
Merchants Wager on Fed Charge Cuts as Liquidity Expectations Rise
This bettering sentiment coincides with rising expectations of financial easing. In response to CME Group’s FedWatch knowledge, markets now assign a 98.3% likelihood of one other Federal Reserve charge minimize. The transfer is anticipated to happen by the October 2025 assembly.
The knowledge signifies that many now consider that U.S. rates of interest shall be lowered additional than the present 400-425 foundation factors. This can even point out that the market has turned in the direction of easing. These expectations are thought-about a liquidity drive for danger property, particularly Bitcoin.
Contemporary Commerce Momentum Provides to Bitcoin’s Bullish Enhance
In response to a Bloomberg report, high U.S. and Chinese language commerce negotiators reached a preliminary consensus on a variety of financial points. This clears the best way for Presidents Trump and Xi to finalize a sweeping commerce deal later this week.
The 2 sides reportedly agreed on contentious factors reminiscent of export controls, fentanyl regulation, and transport levies. The transfer marks essentially the most important progress since tensions peaked earlier this month.
Bessent mentioned he expects Trump’s earlier menace of 100% tariffs on Chinese language items was “successfully off the desk.” These developments helped stabilize market expectations that had been rattled by the prospect of one other tariff escalation.
Chinese language commerce envoy Li Chenggang additionally confirmed each side reached consensus on fentanyl and port service charges. This indicators a softening tone from Beijing after weeks of heated exchanges.
