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Point of Focus
- Bitcoin traded around $84,600 after the Trump-Xi dinner.
- Several big crypto names attended the dinner at the White House.
- The US and China extended their trade truce by two months.
Bitcoin (BTC) traded near $85,000 on Friday, Sept. 25, after US President Donald Trump hosted Chinese President Xi Jinping at a White House state dinner attended by OpenAI CEO Sam Altman, BlackRock CEO Larry Fink, and David Sacks, co-chair of the President’s Council of Advisors on Science and Technology.
BTC was around $84,600 when the dinner ended, as it brought together people with direct ties to crypto policy and investment.
For Bitcoin, the more immediate questions are whether the US-China talks ease trade uncertainty and whether rising Treasury yields continue to weigh on the market.
Why Fink and Sacks matter to crypto
The White House’s list of invited guests named Fink, Altman, and Sacks. It identified Sacks by his current council role; he has also served as Trump’s adviser for AI and crypto.
Fink leads BlackRock, whose iShares Bitcoin Trust ETF, or IBIT, gives investors exposure to Bitcoin through an exchange-traded product. Altman’s presence reflects the dinner’s substantial AI representation, though he was not listed in a crypto capacity.
President Xi Jinping held talks with U.S. President Donald J. Trump.
President Xi pointed out that the new vision of a constructive China-U.S. relationship of strategic stability reflects the realities of China-U.S. ties, embodies the expectations for the future, and is an… pic.twitter.com/XAUaCjoqT2
— Mao Ning 毛宁 (@SpoxCHN_MaoNing) September 24, 2026
Neither an invitation nor attendance shows that Fink sought changes to Bitcoin rules, that Sacks raised digital assets with Xi, or that the dinner produced a crypto agreement.
Trade truce extended; major questions remain
The concrete economic result reported after Thursday’s Trump-Xi talks was a two-month extension of the US-China trade truce.
Treasury Secretary Scott Bessent said the extension gives both governments more time for economic negotiations. It leaves unresolved disputes over tariffs, Chinese purchases of US goods, rare-earth supplies and technology restrictions.
That distinction matters for Bitcoin. A longer truce can reduce the near-term risk of a fresh trade confrontation, which may help investor appetite for volatile assets.
It does not settle the underlying disputes or provide a direct catalyst for Bitcoin demand.
Bond yields remain a test for Bitcoin
Bitcoin had already moved above $85,000 after the Fed hiked benchmark interest rates by 25 basis points to 3.75%-4.00%, before retreating as US Treasury yields rose.
On Thursday, Sept. 24, 2026, it fell to about $83,300 amid a bond selloff. Higher yields can make interest-bearing government debt more attractive relative to Bitcoin, which pays no interest.
Friday’s price near $84,600 represents a recovery toward $85,000, rather than a confirmed breakout caused by the state dinner.
Traders now have two distinct developments to assess: whether Washington and Beijing make progress during the extended truce and whether bond-market pressure eases enough for Bitcoin to hold its gains.
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