Crypto Market Surge Following Trump’s Xi Jinping Meeting Announcement

The cryptocurrency market saw significant growth on Sunday after U.S. President Donald Trump announced a meeting with Chinese President Xi Jinping during the Seoul gathering of the Asia-Pacific Economic Cooperation (APEC) summit on October 31st. The anticipated meeting fueled optimism about easing trade tensions between the world’s two largest economies. 20 billion dollars worth of crypto derivatives were liquidated in response to Trump’s initial stance, followed by a dramatic shift in sentiment and investor confidence.