Bitcoin (BTC), European stocks were confirmed as the Trump-XI meeting was confirmed
Bitcoin It traded above $111,000 on Friday morning in Europe, supported by news of a confirmed meeting between US President Donald Trump and Chinese President Xi Jinping.
The two leaders will meet on October 30 on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit in South Korea—the first face-to-face meeting since Trump took office.
The meeting comes amid rising trade tensions, with Trump announcing additional 100% tariffs on Chinese imports in response to Beijing tightening its grip on rare earth exports. These tariffs are set to take effect on November 1 unless the two sides reach a deal by then.
European stocks traded higher alongside BTC gains as futures tied to the S&P 500 rose 0.3%. The Euro Stoxx 50 Index rose 0.25% and Germany’s DAX gained 0.15%. Gold, meanwhile, fell nearly 1% to $4,089 as US inflation data.
Read: How much will Bitcoin, Ether, XRP and Solana move after the US inflation report?
