Bitcoin’s sharp early drop below $110,000 triggered more than $800 million in liquidations before prices rebounded on headlines that U.S. and Chinese leaders held a “productive” meeting. The decline, which followed the latest Federal Reserve meeting, bottomed just under $108,000 before crypto markets bounced on signs of thawing U.S.-China relations.
Chinese state broadcaster CCTV said the meeting between Xi Jinping and Donald Trump lasted 1 hour and 40 minutes. Both sides characterized the talks as constructive and signaled a near-term roadmap of high-level engagements: Trump said he plans to visit China in April, while Xi is expected to visit the United States soon.
Trump said multiple trade decisions were reached. He stated that soybean deals would begin immediately, tariffs related to fentanyl would be halved to 10%, and overall tariffs on China would be reduced to 47% from 57%. He also said China would continue supplying rare earth metals, calling the issue resolved. On technology, Trump said chips were discussed and that talks with Nvidia and other companies about potential purchases are ahead. He described the meeting with Xi as a “solid 12” on a 1–10 scale.
Crypto market sentiment appeared to improve following the leaders’ remarks, helping BTC retrace part of the post-Fed slide. Traders are watching for formal details on any announced trade adjustments, rare earth supply commitments, and prospective semiconductor deals, as well as the timing of the reciprocal visits, for further cues on risk assets.
Conclusion A swift crypto sell-off gave way to a rebound as U.S.-China dialogue showed signs of progress. Clearer guidance on tariffs, commodities, and chip negotiations could influence broader risk sentiment and Bitcoin volatility in the sessions ahead.