CoinDesk Podcast Network COINDESK DAILY: China Denies Phone Call Between Presidents Xi and Trump
Apr 28, 2025
China denies that Presidents Xi Jinping and Donald Trump are in talks, stirring speculation in the crypto market. This comes at a time when global trade tensions elevate bitcoin's status as a safe haven. Standard Chartered predicts bitcoin could soar to $120,000 by June. Meanwhile, the $TRUMP memecoin is on track to reach a $3 billion market cap. Stripe is also testing a new stablecoin project, eyeing a slice of the anticipated $3.7 trillion stablecoin market by 2030.
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China Denies Xi-Trump Talks
- China denied any phone call or tariff deal negotiations between Presidents Xi Jinping and Donald Trump.
- Despite this, global trade uncertainty increased Bitcoin's appeal as a safe haven investment, driving price forecasts upward.
Bitcoin Price Forecasts Soar
- Standard Chartered forecasted Bitcoin could hit $120,000 by June amid strategic investor shifts away from U.S. assets.
- The bank also reiterated a $200,000 Bitcoin price target by the end of 2025.
Trump Meme Coin Surges Amid Controversy
- The Trump meme coin surged 85% in one week, nearing a $3 billion market cap despite political controversy.
- It faces significant token unlock events that might impact its price in the coming months.