Bitcoin News Today: Global Markets Watch Trump-Xi Talks for Trade, Tech, and Crypto Signals

U.S. President Donald Trump and Chinese President Xi Jinping are set to meet on Thursday, with analysts and investors keenly watching for signals on trade, technology, and global economic stability. The meeting, the first since Trump's return to the White House, has sparked speculation about its potential to reshape markets and geopolitical dynamics. Key topics under discussion include artificial intelligence, cryptocurrency, and the Federal Reserve's monetary policy, all of which could influence global trade and asset valuations, with analysts noting Nvidia's Blackwell chip could be raised and that Wall Street braces for a potential Fed shift.

The agenda includes a focus on Nvidia's Blackwell AI chip, which Trump described as the "super-duper chip" during a press briefing on Air Force One. The chip, designed to accelerate AI computing, has drawn attention as both nations seek to dominate next-generation technologies. Trump emphasized optimism about the meeting's outcome, suggesting the U.S. and China could find common ground on tech collaboration while addressing intellectual property concerns, an observation noted by Investing.com.

Trade relations also remain a priority. A preliminary framework for a U.S.-China trade deal, announced earlier this week, aims to avert 100% tariffs and stabilize supply chains, a development discussed alongside analyses of Bitcoin's macro case. This development has already bolstered market sentiment, with cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) rebounding from recent declines. Bitcoin surged 3.5% over the past week, while Ethereum rose 5%, driven by optimism over regulatory clarity and reduced geopolitical tensions, and by reactions to Trump's pardon of Binance founder.

The meeting's economic implications extend beyond tech and trade. Investors are bracing for the Federal Reserve's decision on its $6.6 trillion balance sheet, with speculation growing that the central bank may halt its quantitative tightening program. Analysts from JPMorgan and Bank of America predict this shift could inject liquidity into risk assets like Bitcoin, which has mirrored gold's rally as a hedge against inflation, as detailed in the earlier Wall Street piece. Meanwhile, copper struggles for clear direction as traders await Fed guidance and the outcome of Trump-Xi talks, with global miners like Anglo American reporting production declines.

Cryptocurrency markets are also seeing structural changes. Ethereum ETFs outperformed Bitcoin for the first time this week, with $246 million in inflows compared to Bitcoin's $202 million. Meanwhile, SwissBullion expanded its payment options to include Ethereum and Ripple (XRP), reflecting growing institutional acceptance of digital assets for precious metals transactions. However, an Ethereum price forecast projects headwinds, with ETH dipping below $4,100 as traders sell holdings to fund buybacks or invest in alternative projects.

The meeting's broader impact will hinge on whether Trump and Xi can address persistent issues such as China's trade surplus, U.S. sanctions on Chinese tech firms, and the global role of cryptocurrencies. While Trump's pardon of Binance founder Changpeng Zhao has been hailed as a pro-crypto move, analysts caution that geopolitical tensions and macroeconomic factors—including inflation and interest rates—will continue to shape markets, a point explored in the earlier Fool analysis.