Altcoins Skyrocket 40%: Why Did the Crypto Market Surge Today (October 20, 2025)?

Updated

October 20, 2025

Jakarta, Pintu News – The cryptocurrency market suddenly surged after US President Donald Trump confirmed that he will meet Chinese President Xi Jinping at the APEC Summit in Seoul on October 31.

This announcement was immediately perceived as a signal of easing trade tensions between the United States and China, so crypto investors began to feel relieved and re-enter digital assets.

This rise demonstrates the strong correlation between global politics and crypto markets – that a single summit can trigger a wave of liquidation and market reversals. In the midst of a high “risk economy”, diplomatic news like this has a real impact on Bitcoin , Ethereum and other altcoins.

Tariff Delay, Positive Catalyst for Crypto

Trump’s announcement that he will “meet in a few weeks” with Xi in South Korea came as a surprise to many, given that he had previously stated there was no reason to meet. This was then interpreted as a de-escalation move in the US-China trade conflict that had spurred massive liquidation in the crypto market.

This situation signals that big external risks like tariff wars could be easing – and that’s usually translated by markets as “interest returning to riskier assets” like cryptocurrencies.

The price increase was immediately apparent: Bitcoin (BTC) rose by about 2% after the announcement – at an exchange rate of $1 = Rp 16,575, that’s an increase of $107,000 equivalent to Rp 1.77 trillion → now up about Rp 35 billion in a day. Meanwhile Ethereum (ETH) and several other altcoins recorded sharper gains of around 3-4% – meaning potential quick profits for market participants who are quick to respond to news.

Also read: 10 Coin Memes that Have the Potential to Rise in 2026

Crypto Market Reaction: From Panic to Cautious Optimism

Prior to the announcement, the crypto market sentiment indicator showed “Extreme Fear” with a low score of around 22/100 – meaning investors were extremely cautious. However, the news of the Trump-Xi meeting sparked a brief rebound in the crypto market.

However, many analysts warn that the current recovery could be just a “dead-cat bounce” – a temporary spike after a sharp decline that has not been followed by a fundamental change.

This shows two important things: first, that crypto markets are highly sensitive to geopolitics and macro news; second, that despite optimism, big risks loom – such as mass liquidation due to high leverage. In fact, when tensions first erupted, the crypto market saw nearly US$20 billion (≈ Rp 332 billion) liquidated in a short period of time.

Conclusion

The news that President Donald Trump will meet President Xi Jinping in South Korea on October 31 has rekindled hope in the cryptocurrency market, which was hit by a sentiment crisis not long ago. Although the rise is still moderate and cautious, this moment shows how quickly crypto dynamics can react to global news.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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