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. 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.(Coindesk)