Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
How the war in Iran and trader positioning c
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
How the war in Iran and trader positioning c
How the war in Iran and trader positioning could be behind the surge in Circle's stock
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
How the war in Iran and trader positioning could be behind the surge in Circle's stock
Shares were up another 9.7% on Monday, bringing them nearly to double over the past month.
By Will Canny|Edited by Stephen Alpher
Updated Mar 9, 2026, 8:50 p.m. Published Mar 9, 2026, 8:49 p.m.
Make us preferred on Google
Circle stock rallies as Iran war lifts oil, inflation expectations. (CoinDesk)
What to know:
- Circle shares rose about 10% Monday and are now higher by 86% over the past month.
- Analysts suggest the war in Iran and its impact on oil prices could delay Federal Reserve rate cuts, thereby benefiting the stablecoin issuer.
- Also at work was heavy bearish trader positioning in the shares and the need for those shorts to be covered after the company reported solid fourth-quarter results.
Already on a tear ahead of the war in Iran, Circle (CRCL) might be an unlikely beneficiary of the conflict.
The stock rose 10% on Monday, outperforming other crypto-linked equities, with the shares now up by 86% over the past month, though they remain sharply lower since their peak post-IPO frenzy last summer.
Japanese bank Mizuho said part of the Circle rally reflects the jump in oil prices following the escalation in Middle East tensions. Higher crude prices could reignite inflationary pressures, potentially reducing expectations for Federal Reserve rate cuts.
Other things being equal, stablecoin issuers are thought to benefit from higher interest rates as that means higher yields on their invested dollars.
Indeed, oil prices have surged since hostilities erupted in the Gulf, with WTI crude up roughly 35% since Feb. 28. Higher energy prices tend to fuel inflation and can limit central banks’ ability to cut interest rates.
Positioning has surely played a role as well.
While the company reported solid growth in USDC supply in its fourth-quarter earnings, analysts say the magnitude of the move likely reflected a crowded short trade ahead of the release.
“The magnitude of the move wasn’t purely about the headline numbers. Positioning was the real catalyst,” said Markus Thielen, founder of 10x Research.
According to his data, hedge funds had accumulated sizable bearish bets ahead of the report. That setup created what Thielen described as a “high-probability short squeeze rather than a fundamental re-rating.”
Short interest currently stands at about 13% of the float, equivalent to roughly two days to cover, according to FactSet data.
Read more: Circle moves $68 million in just 30 minutes by using its own stablecoin for internal payments
CircleStablecoinsIranOilInterest Rates
More For You
Pudgy Penguins: Challenging the Pokemon and Disney Legacy in the Global IP Race
CoinDesk Research looks into how Pudgy Penguins disrupts traditional toys market via a phygital model. With 2M+ units sold, they scale via global partnerships and events.
What to know:
- Disrupting a Stagnant Market: Pudgy Penguins is utilizing a "Negative CAC" model to challenge the traditional $31.7B licensed toy industry by treating physical merchandise as a profitable user acquisition tool rather than just a final product.
View Full Report
More For You
Crypto and stocks add to gains as Trump says Iran war could be over soon
It's been a historic 24 hours for crude oil, which soared to $120 per barrel overnight on Iran worries, but has plunged back to just above $80.
What to know:
- Crypto assets, including crypto-related stocks extended their gains on Monday afternoon after U.S. President Donald Trump said the war with Iran could be over soon.
- U.S. equities rose sharply following the news, erasing early morning losses.
- Similarly, crude oil fell to $86 from around $116 as a result of Trump's comment.
Read full story
Latest Crypto News
Crypto and stocks add to gains as Trump says Iran war could be over soon
Bitcoin could be the big winner if the U.S.-Iran conflict drags on for months
Bitcoin rises to $69,000, stocks reverse big early losses, as crude oil sinks back below $100
Josh Swihart's Zcash Open Development Lab raises $25 million in seed funding
Global insurance broker Aon tests stablecoin payments with Coinbase, Paxos
Stock market volatility hits one-year high, possibly marking bitcoin bottom
Top Stories
'Mini crypto winter' nearly over, says Tom Lee as Bitmine ramps up pace of ether acquisition
Michael Saylor's Strategy made $1.3 billion bitcoin purchase last week
Nasdaq and Kraken are teaming up to let you trade tokenized stocks
U.S. isn’t really exposed to oil shocks and that might be helping bitcoin stay resilient
Bitcoin stays calm while other markets panic: key levels to watch
Nigel Farage takes 6% stake in UK bitcoin treasury firm Stack BTC
Market Opportunity
SURGE Price(SURGE)
$0.01995
$0.01995$0.01995
USD
SURGE (SURGE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Tennis Death Threats & Match Fixing: WTA Players Targeted
Cryptsy - Latest Cryptocurrency News and Predictions Cryptsy - Latest Cryptocurrency News and Predictions - Experts in Crypto Casinos WTA players Panna Udvardy
Share
Cryptsy2026/03/10 18:37
Swiss Crypto Bank Just Became the First Regulated Bank Inside the EU’s Blockchain Trading System
AMINA Bank AG joined 21X as its first fully regulated bank participant, connecting institutional-grade custody to the European Union’s only DLT-regulated trading
Share
Ethnews2026/03/10 18:10
Curve Finance Pitches Yield Basis, a $60M Plan to Turn CRV Tokens Into Income Assets
The post Curve Finance Pitches Yield Basis, a $60M Plan to Turn CRV Tokens Into Income Assets appeared on BitcoinEthereumNews.com. Curve Finance founder Michael Egorov unveiled a proposal on the Curve DAO governance forum that would give the decentralized exchange’s token holders a more direct way to earn income. The protocol, called Yield Basis, aims to distribute sustainable returns to CRV holders who stake tokens to participate in governance votes, receiving veCRV tokens in exchange. The plan moves beyond the occasional airdrops that have defined the platform’s token economy to date. Under the proposal, $60 million of Curve’s crvUSD stablecoin will be minted before Yield Basis starts up. Funds from selling the tokens will support three bitcoin-focused pools; WBTC, cbBTC and tBTC, each capped at $10 million. Yield Basis will return between 35% and 65% of its value to veCRV holders, while reserving 25% of Yield Basis tokens for the Curve ecosystem. Voting on the proposal runs from Sept. 17 to Sept. 24. The protocol is designed to attract institutional and professional traders by offering transparent, sustainable bitcoin yields while avoiding the impermanent loss issues common in automated market makers. Diagram showing how compounding leverage can remove risk of impermanent loss (CRV) Impermanent loss occurs when the value of assets locked in a liquidity pool changes compared with holding the assets directly, leaving liquidity providers with fewer gains (or greater losses) once they withdraw. The new protocol comes against a backdrop of financial turbulence for Egorov himself. The Curve founder has suffered several high-profile liquidations in 2024 tied to leveraged CRV purchases. In June, more than $140 million worth of CRV positions were liquidated after Egorov borrowed heavily against the token to support its price. That episode left Curve with $10 million in bad debt. Most recently, in December, Egorov was liquidated for 918,830 CRV (about $882,000) after the token dropped 12% in a single day. He later said on…
Share
BitcoinEthereumNews2025/09/18 18:00