Trump-Xi Meeting After FOMC: Everything To Know About Last Night’s Showdown

U.S. President Donald Trump announced a trade deal with China's President Xi Jinping, which typically would be seen as a positive development. However, the news was overshadowed by a significant drop in Bitcoin and Ethereum prices, raising alarms about a potential bear market in cryptocurrencies. This situation highlights the volatility of the crypto market and how external factors, like international trade agreements, can impact digital currencies, leaving investors concerned about their investments.

XRP's price is currently stabilizing at around $2.43, following a significant announcement from U.S. President Donald Trump about reducing tariffs on Chinese imports by approximately 10%. This decision comes after productive trade negotiations with Xi Jinping and is expected to boost global market sentiment. The reduction in tariffs not only impacts trade relations but also enhances investor confidence, which could lead to a more favorable environment for cryptocurrencies like XRP.

Changpeng 'CZ' Zhao, the founder of Binance, is gearing up to take legal action against US Senator Elizabeth Warren for defamation. This comes after Warren criticized his recent pardon by President Donald Trump. The situation highlights the ongoing tensions between cryptocurrency leaders and lawmakers, as Zhao's legal team has already sent a letter demanding a retraction of Warren's statements. This case could have significant implications for the crypto industry and its relationship with regulatory bodies.

US stocks opened lower on Thursday, with major players like Meta and Microsoft seeing significant declines. This downturn comes as Wall Street grapples with mixed reactions to the promising trade talks between President Trump and President Xi Jinping. Investors are cautious, weighing the latest earnings reports against the backdrop of these high-stakes discussions, which could impact future trade relations.

Bitcoin's price has plummeted for four straight days, hitting its lowest point since late October. This decline follows the Federal Reserve's recent interest rate cuts and a trade deal between Donald Trump and Xi Jinping. The situation is significant as it reflects the volatility of cryptocurrencies in response to economic policies and geopolitical events, raising concerns among investors about the stability of digital currencies.

The official Donald Trump meme coin has made a remarkable comeback, surging 46% in just a week and reaching a market cap of $1.67 billion, according to CoinGecko. After being abandoned during a previous market downturn, this Solana-based token is experiencing a classic relief rally, sparking interest among investors. This resurgence not only highlights the volatility of the cryptocurrency market but also raises questions about the potential for other tokens, like MELANIA Crypto, to join in on this rally. It's a significant moment for meme coins and could indicate a shift in market sentiment.

Today's updates on Trump and the crypto space highlight the former president's strong support for cryptocurrency initiatives, including the GENIUS and CLARITY acts and a crypto 401k proposal. This is significant as it showcases a shift in political attitudes towards digital currencies, potentially influencing future regulations and investments in the sector.

A crypto firm associated with Donald Trump, Fight Fight Fight LLC, is in talks to acquire the U.S. operations of crowdfunding platform Republic. This move could significantly impact the crowdfunding landscape, especially as it merges traditional fundraising with the growing crypto market. The acquisition reflects a broader trend of integrating cryptocurrency into mainstream financial platforms, potentially attracting a new wave of investors and supporters.

Bitcoin has recently dropped below the $110,000 mark, causing significant concern among traders and investors. This decline was triggered by the US Federal Reserve's decision to cut interest rates and signal an end to quantitative tightening, leading to a wave of panic selling. The volatility has tested investor confidence and resulted in the liquidation of leveraged positions, highlighting the ongoing uncertainty in the market. Understanding these movements is crucial for anyone involved in cryptocurrency, as they reflect broader economic trends and investor sentiment.

Australian police have successfully cracked crypto wallets, recovering over $7 million in illicit digital assets. This significant achievement highlights the ongoing efforts of law enforcement to combat cybercrime and protect the integrity of the financial system. By reclaiming these funds, authorities not only disrupt criminal activities but also send a strong message about the importance of security in the digital currency space.

A recent discussion on X sparked by crypto analyst Scott Melker has brought attention to the XRP Ledger and its utility. Melker's question about the current pitch for XRP, separate from Ripple, engaged his million followers, leading to a vibrant exchange of ideas. This conversation is significant as it highlights the evolving narrative around XRP and its role in the cryptocurrency landscape, encouraging both supporters and skeptics to share their insights.

The New Hampshire Senate has decided to stall a bill aimed at deregulating crypto mining after a split vote, reflecting growing public concern over the proposal. Lawmakers believe further study is necessary before making any changes to local controls on crypto mining. This decision is significant as it highlights the ongoing debate about the balance between technological advancement and community impact, especially in a state where crypto mining has become a contentious issue.

Historically, October has been a great month for Bitcoin, often referred to as 'Uptober' due to its consistent price surges. However, as October 2025 comes to a close, Bitcoin is currently about 4% down, breaking its seven-year streak of closing the month in profit. This shift is significant for investors and enthusiasts who rely on past trends to predict future performance, raising concerns about the stability of the cryptocurrency market.

Vineet Budki warns that Bitcoin's four-year cycle remains intact, predicting a significant 70% drop in the next market downturn. He emphasizes that many investors lack a solid understanding of Bitcoin's economic properties, which could lead to panic selling at the first signs of trouble. This insight is crucial as it highlights the volatility of cryptocurrencies and the importance of informed investing, especially in uncertain market conditions.