Bitcoin surges past $102K after Coinbase deal and UK trade pact

Bitcoin tops $102K after trade deal, Coinbase acquisition news

Bitcoin soared above $102,000, its highest since January, following a major UK-US trade deal and Coinbase’s acquisition of Deribit, signaling renewed confidence in crypto markets.

Bitcoin tops $102K after trade deal, Coinbase acquisition news

Bitcoin surged past $102,000 on Thursday, hitting its highest level since January. The rally followed President Trump’s new UK trade deal, easing tariff tensions, and Coinbase’s $2.9 billion acquisition of crypto options platform Deribit.

BTC rose nearly 5%, fueled by optimism in both markets and crypto. The rally follows a recent dip to $75,000 after Trump’s April 2 tariff announcement.

 

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Sentiment has turned bullish as more companies follow MicroStrategy’s lead, adding Bitcoin to their balance sheets. Analyst Gautam Chhugani noted that about 80 firms now hold roughly 3.4% of the total BTC supply.

Bitcoin is up over 8% year-to-date.

 

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