The Trump-Xi meeting could redefine global trade — and crypto markets are watching every move. BTC volatility and miner risk on alert.
Big news: Trump-Xi meeting confirmed (for now)
The long-awaited Trump-Xi meeting is officially on the table — set to take place in South Korea in two weeks. President Donald Trump confirmed the plan, saying China “wants to negotiate” and that a “great trade deal” could be coming. But markets took a sharp turn when Trump later hinted the meeting might not happen at all.
Why crypto traders care
Geopolitical FUD (fear, uncertainty, and doubt) like this hits markets fast — and crypto usually reacts first. After Trump’s comments about possible talks — and then “maybe no meeting” — Bitcoin (BTC) spiked, then retraced, showing traders are watching every headline for cues on global liquidity and risk sentiment.
Rare earths, tariffs, and mining costs
Trump also highlighted China’s growing export restrictions on rare earth minerals — key materials used in tech, batteries, and yes, crypto mining rigs. The U.S. is now turning to Australia to diversify its supply chain, challenging Beijing’s dominance. If tensions flare, mining costs could rise, squeezing margins for BTC miners and GPU-heavy networks like Ethereum Classic and Kaspa.
The wider political backdrop
Trump boasted of ending eight wars but said a ninth — Ukraine-Russia — is still “on the way.” Meanwhile, the White House confirmed there are no plans for a Trump-Putin meeting. Despite a “productive” call between U.S. and Russian diplomats, Moscow expressed “surprise” at the canceled summit.
My Thoughts
If the Trump-Xi meeting goes ahead, expect a relief rally across risk assets — BTC could break resistance zones fast. But if talks collapse, watch for a spike in volatility, stronger USD demand, and weaker altcoins. Either way, it’s pure trading alpha season.