Trump–Xi Meeting Could Shape Bitcoin More Than the Fed, Says QCP Capital
The coming week could define the rest of the year for crypto. QCP Capital believes that geopolitics —not interest rates — will set Bitcoin’s tone as Trump and Xi Jinping prepare to meet on October 30.
Market Focus Shifts from the Fed to the World Stage
In its latest report, Singapore-based trading firm QCP Capital argues that Bitcoin and major altcoins are moving in response to diplomatic signals rather than central-bank policies.The company notes that crypto markets rebounded after constructive trade talks between the U.S. and China over the weekend — a setup that now leads to a potentially historic meeting between Donald Trump and Xi Jinping on October 30.
If the two leaders sign even a preliminary trade agreement, QCP analysts believe Bitcoin could see a new surge of capital inflows, as global risk appetite rises and investors rotate back into digital assets.
Why the Fed May Matter Less This Time
The Federal Reserve’s rate decision remains on the calendar for Wednesday, but QCP Capital expects the impact to be muted unless Chair Jerome Powell signals an early end to the three-year quantitative-tightening program.> “Liquidity — not rates — is the real driver of crypto volatility today,” the report states.
Any hint that the Fed plans to ease sooner than expected could ignite another wave of buying across risk assets, from tech stocks to Bitcoin. Still, QCP emphasizes that macro liquidity is only half the story — the other half is political momentum.
Geopolitics as a Crypto Catalyst
QCP strategists highlight that the Trump–Xi meeting will serve as a global litmus test for markets already pricing in 2026 rate cuts.A positive outcome could trigger a short-term risk-on rally in Bitcoin, while any sign of breakdown might send investors back to the U.S. dollar and Treasuries.
The firm also notes that institutional inflows into Bitcoin ETFs have picked up since mid-October, suggesting hedge funds are positioning for increased volatility around the summit.
A Defining Week for Crypto
Analysts describe the period ahead as one of the most pivotal of the fourth quarter.Five major tech giants — Microsoft, Alphabet, Meta, Apple and Amazon — are set to release earnings, while the Fed decision and the Trump–Xi meeting arrive within 48 hours of each other.
Such a cluster of events is rare, and Bitcoin’s reaction could set the tone for global markets well into the new year.
For now, QCP Capital maintains a cautiously bullish stance — but acknowledges that in a week like this, “macro and politics are dancing to the same beat.”
Editorial Team — CoinBotLab