Bitcoin (BTC-USD) surged above $100,000 on Thursday for the first time since February.
The world’s largest cryptocurrency rose alongside the overall market after President Trump unveiled a trade deal with the UK, signaling a deescalation of tariffs.
Coinbase’s (COIN) announcement earlier in the day about the crypto exchange’s deal to acquire options platform Deribit for $2.9 billion also helped boost sentiment in the sector.
Bitcoin rose as much as 4% to trade north of $100,900 near 11:30 a.m. ET on Thursday as Trump spoke in the Oval Office about the UK agreement and indicated other countries also want to strike trade deals with the US.
Bitcoin fell as low as $75,000 in the days following Trump’s “reciprocal” tariff announcement on April 2, otherwise known as “Liberation Day.”
Bitcoin sentiment has grown increasingly bullish during the stock market’s recovery. Signs that companies are taking a cue from firms like Strategy (MSTR) and adding crypto to their balance sheets have also bolstered sentiment toward the sector.
In a note earlier this week, Bernstein analyst Gautam Chhugani said approximately 80 companies have “adopted the ‘Bitcoin Standard,’ adding Bitcoin treasury exposure to their balance sheets, owning ~3.4% of the total BTC supply.”
“The implications for Bitcoin — more resilient corporate/institutional capital supporting through the cycle downturns and accelerated supply squeeze as public corporates continue buying Bitcoin,” Chhugani added.
Year to date, bitcoin is up more than 8%.
Coinbase Global (COIN) has reached an agreement to acquire crypto options platform Deribit for $2.9 billion, one of the most significant deals ever for the cryptocurrency industry.
The deal marks another milestone for Coinbase, the largest cryptocurrency exchange in the US, after missing out for years on the wider transaction volumes and margins that other exchanges captured from derivatives trading.
Coinbase’s stock rose over 4% on the announcement. The Wall Street Journal first reported the deal.
“This isn’t just more products — it’s deeper liquidity, tighter spreads, and better tools for institutional and retail traders alike,” Greg Tusar, Coinbase’s head of institutional product, said in an emailed statement.
Deribit “isn’t just another addition,” he added in a blog post.
The acquisition follows Coinbase’s purchase of asset manager One River Digital in 2023, derivatives exchange FairX in 2022, crypto brokerage platform Tagomi in 2020, and custody business Xapo in 2019.
Coinbase is paying for Deribit with a mix of its own common stock and $700 million in cash.
The deal is the latest example of how the crypto industry has emerged as one of the few bright spots for merger and acquisition activity this year, even as other industries hold back amid the economic uncertainties triggered by President Trump’s trade wars and tariffs.
The biggest driver of that crypto optimism is Trump’s continued embrace of digital assets. He is pushing for more favorable regulation of the industry, and Coinbase is expected to be one of the biggest beneficiaries.
Some other big crypto deals so far this year include Coinbase’s US rival Kraken announcing an agreement to purchase crypto futures trading platform Ninja Trader for $1.5 billion in March and Ripple Labs agreeing last month to buy crypto broker and financing firm Hidden Road for $1.25 billion.
Coinbase reports first quarter earnings Thursday afternoon. Its profits are expected to decline, while net revenue is expected to jump compared to a year ago. It recognized a $737 accounting gain on its crypto asset holdings in the first three months of last year.
Arsenal produced a spirited late comeback to secure a 2-2 draw against Bayern Munich at the Allianz Arena on Wednesday night, with Declan Rice scoring a crucial equaliser in the 82nd minute of their UEFA Champions League encounter.
The Gunners looked set to suffer their first defeat of the league phase after Harry Kane converted a second-half penalty to give Bayern the lead. However, Rice delivered a timely response to ensure Mikel Arteta’s side left Germany with a valuable point.
Eze Gives Arsenal the Lead
Arsenal suffered an early setback when Bukayo Saka was forced off with an injury after approximately 10 minutes.
Eberechi Eze replaced the England winger and made an immediate impact, opening the scoring in the 25th minute after receiving a superb pass from Martin Ødegaard.
Eze drove forward before firing into the bottom corner. The goal was initially ruled out for offside, but a VAR review confirmed the effort, giving Arsenal a 1-0 advantage.
Bayern responded through Alphonso Davies, who levelled the contest in the 35th minute after a brilliant through ball from Kane.
Kane Puts Bayern Ahead
The contest remained finely balanced after the interval, with both goalkeepers making important saves to keep their teams in the game.
Bayern eventually took the lead in the 61st minute when Kane converted a penalty after Jurriën Timber handled the ball inside the area.
The former Tottenham striker calmly dispatched the spot kick, putting the hosts 2-1 ahead and leaving Arsenal facing the prospect of defeat.
Kane’s goal also extended his remarkable scoring run in the Champions League to 10 consecutive matches.
Rice Rescues a Point for Arsenal
With time running out, Arsenal found their breakthrough through a well-worked attacking move.
Noni Madueke and Viktor Gyökeres combined in the build-up before Rice surged into the penalty area and fired a low finish beyond Manuel Neuer from an acute angle.
The 82nd-minute strike restored parity at 2-2 and silenced the home crowd, giving Arsenal renewed belief as they pushed for a late winner.
Despite further pressure from the visitors, neither side managed to find another goal, and the points were shared.
Arsenal Maintain Unbeaten Champions League Run
The draw extended Arsenal’s unbeaten run in the Champions League league phase and took their tally to seven points from three matches, following victories over Napoli and Lille.
Bayern, meanwhile, were left frustrated after surrendering their lead late in the contest.
For Arsenal, Rice’s equaliser represented a significant moment in a demanding away fixture, while Eze’s contribution after replacing the injured Saka provided another positive from the encounter.
Como delivered a memorable European night on Wednesday, October 21, 2026, thrashing Manchester United 4–1 in the UEFA Champions League as Nico Paz inspired the Italian side to a commanding victory.
The Argentine midfielder scored twice and assisted another goal, helping Cesc Fàbregas’ team overwhelm Michael Carrick’s visitors at the Stadio Giuseppe Sinigaglia.
Manchester United struggled to contain Como’s attacking movement throughout the encounter, with the hosts establishing control early and extending their advantage after the break.
Nico Paz Strikes Early
Como needed just two minutes to take the lead through Paz, who collected a pass from Lucas da Cunha before curling a left-footed effort into the far corner.
The early goal gave the hosts momentum, while United struggled to establish a foothold in the contest.
Despite having opportunities to respond, the visitors failed to find an equaliser before halftime, allowing Como to carry their advantage into the break.
Paz Turns Provider as Como Extend Their Lead
Como doubled their advantage four minutes into the second half when Paz delivered a perfectly weighted through ball for Anastasios Douvikas.
The Greek forward broke through the United defence and finished past the advancing goalkeeper to make it 2–0 in the 49th minute.
Paz then produced another decisive moment eight minutes later. After capitalising on a misplaced pass from Carlos Baleba, the Argentine surged forward and finished confidently to complete his brace and put Como 3–0 ahead.
His performance left United facing an increasingly difficult task as the hosts continued to threaten.
Jacobo Ramón Adds the Fourth
Como added a fourth goal in the 76th minute through defender Jacobo Ramón.
Substitute Kaiki Bruno drove forward down the left before delivering a cross that Ramón headed beyond United goalkeeper Senne Lammens.
The goal capped an impressive attacking display from the home side and underlined the visitors’ defensive struggles.
Zirkzee Scores Late Consolation
Manchester United eventually found the net in stoppage time when Joshua Zirkzee converted a cross from Amad Diallo in the 90th minute, reducing the deficit to 4–1.
However, the late goal did little to change the outcome, as Como comfortably saw out the remaining minutes to secure an emphatic victory.
A Night to Remember for Como
The result marked a major European achievement for Como, whose Champions League campaign has brought the club onto one of football’s biggest stages.
For Paz, the performance was particularly memorable, with his two goals and assist making him the central figure in the victory.
Manchester United, meanwhile, were left to reflect on a difficult night in Italy after being outplayed by a Como side that combined clinical finishing with effective attacking football.
Trending News4 years ago
News4 years ago
News4 years ago
News4 years ago
Politics3 years ago
Politics4 years ago
News4 years ago
Health & Wellbeing2 years ago
