Trump-Xi Talks Begin as Markets Focus on Tariffs, Iran, and Taiwan
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High-stakes Trump–Xi summit in Beijing ran nearly two hours and left markets awaiting tariffs, Iran and Taiwan signals, generating macro risk-off sentiment. Crypto market cap fell to $2.66T as Bitcoin dropped 1.5%, pressuring token launches, fundraising and DeFi activity while CEX and DEX volumes may weaken and near-term adoption and price face downside risk.
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- Xi told Trump both nations should be partners, not rivals, in a nearly two-hour Beijing summit.
- Bitcoin fell 1.5% as the crypto market cap dropped to $2.66T amid broader risk-off sentiment.
- Markets await tariff, Iran, and Taiwan signals from Beijing talks, with outcomes still uncertain.
High-stakes talks between President Trump and Chinese President Xi Jinping opened in Beijing. Xi told Trump that China and the United States should be “partners, not rivals,” framing the nearly two-hour summit as an opportunity to reset one of the world’s most consequential bilateral relationships.
Trump responded in kind, calling Xi a “great leader” and saying the relationship between the two countries would be “better than ever before.” Markets had been positioning cautiously ahead of the summit all week.
Crypto Pulls Back as Macro Uncertainty Persists
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