Just when the crypto world was ready to curl up and cry over lost altcoin fortunes, a ray of hope broke through.
President Donald Trump dropped the bombshell that he’ll be shaking hands with China’s President Xi Jinping at the APEC summit in Seoul on October 31. Cue the market cheers.
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It will be fine
After weeks of heated war-of-words and sudden tariff threats that sent the crypto-sphere into a tailspin, this “we’re going to meet” moment feels like breathing fresh air after a smoke grenade.
Trump called Xi a very strong leader and an amazing man, practically pitching the story of their upcoming showdown as a blockbuster.
“We’re gonna be fine with China, but it’s gotta be a fair deal.”
Liquidation
Just days before, Trump’s flip-flop had sent shockwaves, announcing tariffs and scoffing at any meeting with Xi, which triggered a historic $20 billion crypto liquidation bonfire, the worst meltdown in market history. Some altcoins didn’t just lose value. That would be a way too soft word here.
They vaporized over 99%. Bitcoin, true to form, danced on, holding a sturdy $100,000 floor.
Market fear was so intense it hit a six-month low, with the Crypto Fear and Greed Index plunging to a grim 22, shouting “Extreme Fear” across crypto investors. But those dark clouds have a silver lining.
The long game is bullish
Experts at The Kobeissi Letter, packing their analytical magic, say this downturn was a short-lived technical meltdown caused by a lethal mix of reckless leverage, scarce liquidity, and political fireworks.
The long game? Still bullish. The de-escalation between the US and China has lit a small fire under the crypto tide.
Bitcoin jumped about 2% on Sunday following Trump’s announcement, with altcoins nudging up as well.
It’s a reminder that in the world of crypto, politics and tweets can send prices soaring or crashing faster than you can say, tariffs.
So, Trump and Xi’s showdown at APEC might just reboot the market mood, offering a little respite in a rollercoaster ride that never quits.
💬 Editor’s Take:
It’s almost poetic — the same man who sent crypto markets spiraling with tariff talk may now spark their rebound.
Trump’s APEC handshake with Xi isn’t just diplomacy; it’s market theater at its finest.
The mere promise of peace lifted Bitcoin, showing once again that politics can move crypto faster than any chart pattern.
Whether this truce holds or fizzles, one thing’s clear — the market’s watching, tweet by tweet.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: October 20, 2025 • 🕓 Last updated: October 20, 2025
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