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Crypto rally after Trump-Xi meeting: Bitcoin over $110,000!
Ethereum is showing signs of recovery after the Trump-Xi summit. Find out more about the latest developments on October 30, 2025.
Crypto rally after Trump-Xi meeting: Bitcoin over $110,000!
On October 30, 2025, the cryptocurrency landscape is witnessing a remarkable recovery after Bitcoin (BTC) rose only slightly on Thursday to trade above $110,000, overcoming three previous days of losses. This positive development is partly attributed to the meeting between US President Donald Trump and Chinese President Xi Jinping in South Korea, which brought significant economic progress. Loud FXStreet Altcoins such as Ethereum (ETH) and Ripple (XRP) are also showing signs of a stable recovery.
Key takeaways from the Trump-Xi meeting include:
- Senken der Zölle auf chinesische Waren von 47 %;
- Keine Engpässe bei seltenen Erdmetallen;
- Wiederaufnahme der Sojabohneneinkäufe aus den USA;
- Ein einjähriges Abkommen wurde unterzeichnet, das zukünftige Besuche von Präsident Xi in den USA und Präsident Trump in China im April 2026 vorsieht.
Cryptocurrency markets are reacting positively
After the meeting, Bitcoin price climbed above $110,000, while Ethereum is aiming for a rise above $4,000 and XRP is building momentum above $2.50. Bitcoin price is stabilizing above the 200-day Exponential Moving Average (EMA), which is at $108,350. The Money Flow Index (MFI) for Bitcoin is showing a rise above 58, indicating that money is flowing into the Bitcoin market. Traders are watching a daily close above $110,000 to assess Bitcoin's recovery potential.
The key markers for Bitcoin are to stay above the 100-day EMA at $112,620 and the 50-day EMA at $113,096 to solidify the recovery.
Ethereum and XRP in focus
However, Ethereum's recovery is proving weaker after the price rejected the 100-day EMA at $3,968, indicating a lack of investor conviction. The relevant resistance levels for Ethereum lie between a high of $4,250 and a low of $3,680.
XRP, on the other hand, is trying to break the resistance of the 200-day EMA at $2.60 after the price bounced back from the support at $2.48. A daily close above the 200-day EMA could position XRP to target $2.67 at the 50-day EMA and $2.72 at the 100-day EMA, while a break above the descending trendline could reinforce the bullish potential towards $3.00.
The US Federal Reserve (Fed) recently cut the key interest rate by 25 basis points to a range of 3.75% to 4.00%. However, Fed Chairman Jerome Powell has suggested that further rate cuts in December are not guaranteed, which could dampen market sentiment. Despite these uncertainties, the cryptocurrency market is optimistic and reacts to the positive news from the political sphere.