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 stated the 2 leaders now have “the framework” for a productive dialogue.
Optimism Forward of Trump–Xi Assembly Fuels Bitcoin Rally
Bessent instructed NBC’s Meet the Press that the talks might be “incredible for U.S. residents, for U.S. farmers, and for our nation generally.” His assertion got here simply hours earlier than the assembly, which buyers see as a key step towards easing international commerce tensions.
.@SecScottBessent on President Trump’s assembly with Xi Jinping: “I imagine that we’ve the framework for the 2 leaders to have a really productive assembly for either side — and I believe it is going to be incredible for U.S. residents, for U.S. farmers, and for our nation generally.” pic.twitter.com/0DpRyk45Js
— Fast Response 47 (@RapidResponse47) October 26, 2025
The upbeat tone helped strengthen broader market sentiment, with BTC value 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 Guess on Fed Charge Cuts as Liquidity Expectations Rise
This bettering sentiment coincides with rising expectations of financial easing. In accordance with CME Group’s FedWatch information, markets now assign a 98.3% chance of one other Federal Reserve fee lower. The transfer is anticipated to happen by the October 2025 assembly.
The data signifies that many now imagine that U.S. rates of interest might be lowered additional than the present 400-425 foundation factors. This may also point out that the market has turned in direction of easing. These expectations are thought of a liquidity power for threat property, particularly Bitcoin.
Contemporary Commerce Momentum Provides to Bitcoin’s Bullish Enhance
In accordance with a Bloomberg report, prime 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 resembling export controls, fentanyl regulation, and transport levies. The transfer marks essentially the most important progress since tensions peaked earlier this month.
Bessent stated he expects Trump’s earlier risk 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 either side reached consensus on fentanyl and port service charges. This alerts a softening tone from Beijing after weeks of heated exchanges.
