Trump’s China Visit: Bitcoin Gains as Nvidia’s Jensen Huang Joins Elon Musk, Top CEOs – CoinGape
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Highlights
President Donald Trump is on a state visit to China this week, marking the first U.S. presidential trip to the country in nearly a decade. Trump is joined by a delegation of over a dozen U.S. executives including Elon Musk, Tim Cook, Larry Fink, with Nvidia CEO Jensen Huang as a last-minute addition. This caused Bitcoin and NVDA stock to jump.
The summit with Chinese President Xi Jinping focuses on trade, investment, rare earths, aviation deals, and easing tensions. Meanwhile, the US State Department said China agrees on opposing Strait of Hormuz tolls.
President Donald Trump confirmed that Nvidia CEO Jensen Huang is on board Air Force One for his visit to China, the NYT reported on May 13. NVDA stock surges more than 1.45% to $238.98 in overnight trading, pushing Nvidia’s market cap to $5.4 trillion.
BREAKING: Nvidia, $NVDA, surges to its highest level on record as President Trump confirms Jensen Huang is onboard the Air Force One heading to China.
Nvidia is now worth $5.4 TRILLION. pic.twitter.com/OqPl6wozkW
— The Kobeissi Letter (@KobeissiLetter) May 13, 2026
Trump is joined by high-profile executives, including Tesla’s Elon Musk, Apple’s Tim Cook, BlackRock’s Larry Fink, Boeing’s Kelly Ortberg, Blackstone’s Stephen Schwarzman, Cargill’s Brian Sikes, Citigroup’s Jane Fraser, Coherent’s Jim Anderson, Goldman Sachs’ David Solomon, Mastercard’s Michael Miebach, Qualcomm’s Cristiano Amon, and Visa’s Ryan McInerney.
Global stock markets, the crypto market, and Bitcoin traders are closely watching the Trump-Xi Jinping summit. Trump has expressed optimism about opening multiple opportunities in China.
While Trump is to visit China to meet President Xi Jinping, US Treasury Secretary Scott Bessent began preparatory talks with Chinese officials in South Korea. Bessent said he will have a discussion with Japanese Prime Minister Sanae Takaichi on Tuesday and Chinese Vice Premier He Lifeng on Wednesday.
Successful meetings and deals could stabilize global supply chains, improve U.S.-China trade, reduce tariffs and other geopolitical tensions, and trigger risk-on sentiment among investors.
Crypto markets reacted positively to Nvidia CEO Jensen Huang joining President Trump on his visit to China. Bitcoin rises more than 1.50% to hit a 24-hour high of $81,248, as investors bet on historical patterns showing de-escalations between the two economies lifted crypto prices in the short term.
BTC price slumped to a 24-hour low of $79,832 after the US CPI inflation came in hot at 3.8%. Moreover, Trump stated the US-Iran ceasefire was “on life support” as he rejected Iran’s response to the peace proposal.
Bitcoin and crypto traders are now awaiting today’s US PPI inflation data. Economists forecast Core PPI rising to 4.3% from 3.8% and PPI inflation jumping to 4.9% from 4% previously.
Meanwhile, Kevin Warsh’s confirmation as Fed Chair and the CLARITY Act markup on Thursday will impact markets. BTC futures have climbed almost 1% over the past 4 hours to $60.48 billion, suggesting buying sentiment.
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