Invest ideasNews
22 Apr 2026, 15:55
Coinbase: The 16x EV/Adjusted Ebitda Valuation Remains Attractive
Summary Coinbase remains a Buy, supported by resilient Subscription and Services growth and a fair EV/adjusted EBITDA multiple of 16.3x. COIN's transaction revenues contracted 55% YoY in Q4 2025, reflecting Bitcoin price cyclicality, but I expect a moderate rebound in 2026. Subscription and Services revenue grew 23% to $2.83B in 2025, now 41% of net revenues, justifying a SaaS-like valuation approach. Risks include prolonged Bitcoin price weakness and competitive threats from traditional financial institutions entering the crypto market. This is my second coverage of Coinbase ( COIN ), following my previous article published about a year ago. In that article I analyzed Coinbase, arguing that transaction revenues peaked and would potentially retreat due to the cyclicality of the Bitcoin price. The second argument was that Subscription and services would continue to consistently grow and provide predictable SaaS revenue. Based on the 2025 financial results, I conclude that both of my projections have fully panned out. In this update, I will discuss these projections and what I expect for the foreseeable future. Additionally, I will analyze their recent Q4 earnings release, the GAAP losses, and lastly, I will provide my valuation estimates to justify the continued "Buy" rating. Contraction in Transaction Revenue In my previous 2025 article, I noted that Q4 2024 was an exceptionally strong quarter due to Bitcoin being near its peak and the hype surrounding cryptocurrencies being sky-high. I estimated that once the Bitcoin price dropped, the hype would subside, consequently lowering the transaction revenues, similarly to the 2021-2022 crypto period, after which the revenues contracted sharply. Q4 2025 further validated my thesis, as the transaction revenues contracted approx. 55% compared to Q4 2024. This was to be expected as the Bitcoin price dropped significantly in the second half of 2025. Although the management didn’t give any specific transaction revenue guidance, I am optimistic and believe that the Bitcoin price is likely to reverse in the near term. My reasoning is based on the technical analysis of the Bitcoin price and also the macro uncertainty surrounding the Iran war attracting investors to relatively safe assets like Bitcoin and gold. A rise in the Bitcoin price would in turn impact transaction revenues. I strongly believe we will see transaction revenues return to growth in 2026 at a moderate pace of low double digits. Subscription and Services Revenue The second main pillar of my previous thesis was the projected growth in the Subscription and Services segment. In 2024 it amounted to $2.3 billion. For the full year 2025, the segment grew approx. 23% to $2.83 billion. In the same year, subscription and services revenue accounted for 41% of net revenues. Therefore, I would argue Coinbase should trade closer to a SaaS company due to the revenue predictability of the segment. I will use this assumption in the valuation chapter. I would also like to point out that stablecoin revenue was the fastest expanding subsegment, with revenues reaching $1.35 billion. In late 2025, the Federal Reserve cut rates, but growth remained strong due to sheer volume growth, driven by the popularity of USDC. Any further rate cuts could present a headwind for the segment. Still, as long as USDC holdings are consistently reaching new highs, I remain bullish, and potential rate cuts are just a temporary headache. Valuation In this update, I will use the EV/Adjusted EBITDA valuation metric. I cannot use the GAAP P/E multiple the same way I used it in the last article because of the large unrealized net loss in Q4. In the earnings presentation, Coinbase stated that "Q4 net loss was $667 million driven by a $718 million loss on our crypto asset investment portfolio which was largely unrealized, and $395 million loss on our strategic investments (which include our investment in CRCL)." I believe it is best not to consider such noise, as it might give an improper picture of the profitability. According to Seeking Alpha , TMM GAAP EBITDA multiple is approx. 31x, but this includes the aforementioned Q4 GAAP net loss. Thus, we have to do the calculation ourselves. At the time of writing, Coinbase’s market cap is $51.4 billion. In Q4 the company had $11.6 billion in cash & cash equivalents and $5.9 billion in long-term debt. This results in Coinbase’s enterprise value of $45.7 billion. According to the shareholder presentation, 2025 adjusted EBITDA was approx. $2.8 billion, making the EV/adjusted EBITDA multiple 16.3x. To consider if such a number is reasonable, we must consider expected growth. Analysts estimate that FY2026 revenues will be roughly the same compared to FY 2025, before reaccelerating to 20% YoY growth in 2027. For easier calculation, let’s use an annual growth of roughly 10-15%. I am estimating a bit higher annual growth due to their history of frequently beating analysts' estimates and a potential rebound of the Bitcoin price. I believe that accounting for the projected growth and a large part of revenues being SaaS-like, Coinbase's fair valuation should be somewhere between a 12-18x EV/adjusted EBITDA multiple. The current 16.3x multiple is near the high end, but there is still some upside. As such, I believe the fair valuation is still a "Buy." Risks The main risk to my bullish thesis is if the Bitcoin price remains depressed for longer, delaying the potential rebound in revenue growth. Still, I believe the macro uncertainty around the Iranian war and the possibility of persistent inflation could provide a basis for Bitcoin's price reversal. The second risk is competitive uncertainty. If traditional financial institutions, like large banks and stock brokers, continue to expand their operations into the crypto market, this could create fear of increased competition, negatively impacting Coinbase’s moat and the stock price. Plan I believe that Coinbase is not significantly undervalued but is instead in the fair value range. For the investors who agree the current macroeconomic uncertainty will provide the basis for Bitcoin price appreciation, this stock is a "Buy." I count myself among such investors and plan to open small positions on dips.
22 Apr 2026, 15:50
Gold Price Analysis: Safe Haven Asset Trades Range-Bound Amid Critical US-Iran Uncertainty
BitcoinWorld Gold Price Analysis: Safe Haven Asset Trades Range-Bound Amid Critical US-Iran Uncertainty Gold prices demonstrated remarkable resilience this week, trading within a narrow range after bouncing from significant weekly lows. The precious metal’s movement reflects persistent uncertainty surrounding US-Iran relations, creating a complex trading environment for investors globally. Market analysts observe that gold’s traditional safe-haven status continues to influence price action, particularly during periods of geopolitical tension. Gold Price Technical Analysis and Market Dynamics Technical charts reveal gold trading between $2,150 and $2,185 per ounce this week. The precious metal found support at $2,142, marking the weekly low before staging a modest recovery. Market participants note that trading volume remains elevated, indicating sustained institutional interest. Furthermore, the 50-day moving average currently sits at $2,165, providing immediate resistance. Several key factors contribute to gold’s range-bound behavior. First, the US dollar index shows relative stability, limiting gold’s upside potential. Second, Treasury yields exhibit mixed signals, creating conflicting pressures on non-yielding assets. Third, physical demand from central banks continues to provide underlying support. Market data indicates consistent buying from emerging market central banks throughout the quarter. Geopolitical Context: US-Iran Relations and Market Impact The ongoing uncertainty in US-Iran relations represents a primary driver of gold market sentiment. Diplomatic communications between Washington and Tehran remain tense, with recent developments suggesting potential escalation. Historical data shows that Middle Eastern geopolitical tensions typically increase gold’s appeal as a safe-haven asset. However, current market reactions appear more measured than during previous crises. Several specific developments influence market psychology. First, nuclear negotiations continue without clear resolution. Second, regional proxy conflicts create persistent uncertainty. Third, energy market volatility indirectly affects gold through inflation expectations. Market participants monitor these factors closely for signals about future price direction. Expert Perspectives on Gold Market Behavior Financial analysts provide valuable insights into current market conditions. According to commodity strategists at major investment banks, gold’s range-bound trading reflects balanced risk assessment. “The market prices in geopolitical risk without assuming worst-case scenarios,” notes one senior analyst. Technical analysts emphasize the importance of key support and resistance levels in determining future price action. Historical comparison reveals interesting patterns. During similar geopolitical tensions in 2020, gold exhibited more pronounced volatility. Current relative stability suggests markets have developed greater resilience or different risk assessment frameworks. Economic data from the past decade shows gold’s correlation with geopolitical risk indices remains strong but variable. Macroeconomic Factors Influencing Gold Prices Beyond geopolitical concerns, several macroeconomic factors shape gold’s trading pattern. Inflation expectations remain elevated but stable, supporting gold’s appeal as an inflation hedge. Central bank policies, particularly from the Federal Reserve, create important background conditions. Interest rate expectations influence opportunity costs for holding non-yielding assets. The global economic landscape presents mixed signals. Growth projections for major economies show modest improvement. However, structural challenges persist in several regions. These conditions create a complex environment for gold pricing. Market participants must weigh multiple factors when assessing gold’s future trajectory. Comparative Analysis with Other Safe Haven Assets Gold’s performance relative to other safe haven assets provides additional context. The Swiss franc and Japanese yen show similar patterns of modest strength. US Treasury bonds exhibit mixed performance across different maturities. This comparative analysis suggests broad but measured safe-haven demand rather than concentrated gold-specific buying. Key differences in asset behavior include: Gold shows stronger correlation with inflation expectations Currency safe havens respond more directly to interest rate differentials Government bonds benefit from flight-to-quality flows during crises Gold maintains unique characteristics as both commodity and monetary asset Market Structure and Participant Behavior Exchange data reveals interesting patterns in market participation. Commercial hedgers maintain relatively neutral positions, suggesting balanced physical market conditions. Speculative positioning shows modest net longs, indicating cautious optimism. ETF holdings demonstrate stability after previous outflows, suggesting investor confidence in gold’s medium-term prospects. The options market provides additional insights. Implied volatility remains elevated but below extreme levels. Skew measures suggest balanced risk perceptions between upside and downside scenarios. These technical indicators support the narrative of range-bound trading with managed risk. Regional Demand Patterns and Physical Markets Physical gold markets show varied regional patterns. Asian demand remains robust, particularly from China and India. European investors demonstrate increased interest in allocated gold accounts. North American markets focus primarily on paper gold products. These regional differences create complex global supply-demand dynamics. Central bank activity continues to support physical markets. Official sector purchases remain substantial, though slightly below record levels. This institutional demand provides important structural support for gold prices. Market analysts monitor these flows for indications of longer-term trends. Technical Outlook and Price Projections Chart analysis suggests several possible scenarios for gold prices. The immediate trading range appears well-defined, with clear support and resistance levels. Breakout scenarios depend on catalyst events, particularly geopolitical developments. Technical indicators show mixed signals, reflecting current market uncertainty. Critical technical levels to watch: Immediate resistance at $2,185-2,190 zone Primary support at $2,140-2,145 area 200-day moving average at $2,115 providing longer-term support Year-to-date high at $2,195 representing key psychological level Conclusion Gold prices continue to trade within a defined range, reflecting balanced market forces amid persistent US-Iran uncertainty. The precious metal demonstrates its traditional safe-haven characteristics while responding to complex macroeconomic signals. Market participants face challenging decisions as multiple factors influence price action. Ultimately, gold’s range-bound behavior suggests markets await clearer signals about geopolitical developments and economic conditions before establishing sustained directional trends. FAQs Q1: Why is gold trading range-bound despite geopolitical tensions? Gold exhibits range-bound trading because markets price in geopolitical risk without assuming worst-case scenarios. Multiple factors, including dollar stability and mixed economic signals, create balanced pressures that limit sustained directional movement. Q2: How do US-Iran relations specifically affect gold prices? US-Iran tensions affect gold prices by increasing safe-haven demand during periods of escalation. However, markets have become more nuanced in assessing these risks, leading to measured rather than extreme reactions in recent trading sessions. Q3: What technical levels are most important for gold traders to watch? Traders monitor several key technical levels, including immediate resistance at $2,185-2,190, primary support at $2,140-2,145, and the 200-day moving average around $2,115. Breakouts above or below these levels could signal sustained directional moves. Q4: How does current gold market behavior compare to previous geopolitical crises? Current market reactions appear more measured than during previous crises. Markets show greater resilience and more sophisticated risk assessment, though gold’s fundamental safe-haven characteristics remain intact during periods of uncertainty. Q5: What factors could break gold out of its current trading range? Sustained breakouts would require clear catalysts, such as significant escalation in geopolitical tensions, major shifts in Federal Reserve policy, substantial changes in inflation expectations, or unexpected developments in physical market demand patterns. This post Gold Price Analysis: Safe Haven Asset Trades Range-Bound Amid Critical US-Iran Uncertainty first appeared on BitcoinWorld .
22 Apr 2026, 15:41
Aave loses $15B in days as KelpDAO exploit triggers DeFi exodus
Aave saw outflows of $15.1 billion over just three-and-a-half days following the KelpDAO rsETH scandal. Deposits on the top lending platform fell to $30.7 billion from $48.5 billion ahead of the scandal on April 18, down by about one-third from their previous level. Aave and Morpho lost significant deposits, while SparkLend by MakerDAO saw inflows worth over $1.3 billion. Users shifted funds to more secure platforms due to the risk-control measures they adopted. All roads lead back to the KelpDAO rsETH Exploit This vulnerability stems from a complex exploit in the bridge of KelpDAO’s LayerZero V2 implementation of rsETH. This exploit involved the minting of roughly 116,500 uncollateralized rsETH tokens worth about $293 million on April 18, 2026. As reported by Cryptopolitan , Tron’s Justin Sun has publicly appealed to the hacker behind the KelpDAO hack to return the funds. “You can’t spend $300 million anyway,” Sun noted. As it stands, hackers have not headed to that plea. Cryptopolitan reports that these hackers have made heavy Bitcoin purchases, pushing BTC over $78,000. As per the official report by Aave in collaboration with LlamaRisk, which was published on April 20, the possible losses may vary anywhere between $123.7 million, in case KelpDAO decides to socialize the losses equally among all the holders of rsETH through a loss of around 15 percent, to as much as $230.1 million. The $181 million Aave Treasury acts as a cushion, while the DAO has obtained indicative commitments from its ecosystem partners to cushion any shortfall. Nevertheless, the incident reveals that Aave heavily depends on liquid staking derivatives provided by third parties. Outflows hit Aave while Spark gains ground The fallout created one of the fastest liquidity outflows in DeFi. The on-chain evidence showed that stablecoins and ETH were being withdrawn from Aave on a large scale as the use rates increased across multiple protocols. This is due to concerns about socialization or freeze events. Additionally, the total deposit balance in the rival lending protocol, Morpho, fell to $10.2 billion from $11.7 billion prior to the event. Aave market withdrawals. Source. Aavescan.com On the other hand, SparkLend , which functions within the MakerDAO ecosystem, became one of the main beneficiaries. The TVL grew from $1.9 billion to $3.2 billion, with around $1.3 billion in investments over the period. Big moves, such as the shift of large wallets belonging to major investors from Aave to Spark, contributed to the migration trend. It is argued that Spark, owing to its supply caps and price feeds from multiple oracles, offers greater safety compared to some restaking assets. Inflows spike on Spark. Source: Sparklend The inflow and outflow rotation affects the broader DeFi dynamic. Aave’s deposits, once a benchmark for institutional and retail liquidity, now face real-world usage pressures that could compress yields and slow recovery. Aave’s sharp sell-off to a tentative stabilization AAVE’s price was hardest hit by market sentiment, dropping by more than 20% in the days following the hack. The price fell from levels around $115 to as low as $90-$92. There is evidence of whale dumping on the chain, indicating that more than $6 million in tokens were sold off by whales. Aave’s price. Source: TradingView As of April 22, AAVE’s price is $94, suggesting initial signs of consolidation. From a technical perspective, the drop might have been exaggerated, with the 14-day RSI index approaching neutral territory despite its recent excursion into oversold territory. Also, support around the $90 mark has remained intact, given the lack of selling interest. Conversely, a move above $96 would signal relief for the bulls towards $102-$105, barring any additional negative news from KelpDAO’s loss-allocation exercise. Your keys, your card. Spend without giving up custody and earn 8%+ yield on your balance with Ether.fi Cash.
22 Apr 2026, 15:40
USD/JPY Consolidation Holds: Critical Analysis Ahead of BoJ’s Pivotal 2025 Decision
BitcoinWorld USD/JPY Consolidation Holds: Critical Analysis Ahead of BoJ’s Pivotal 2025 Decision TOKYO, March 2025 – The USD/JPY currency pair demonstrates significant consolidation as financial markets globally await the Bank of Japan’s upcoming monetary policy decision, according to a detailed technical analysis from Scotiabank. This period of price compression reflects heightened uncertainty among traders and institutional investors. Market participants currently weigh potential policy shifts against persistent global economic crosscurrents. The pair’s behavior provides crucial insights into broader forex market sentiment. USD/JPY Technical Landscape and Consolidation Patterns Scotiabank’s currency strategists identify a well-defined consolidation range for the USD/JPY pair. This range has contained price action for several consecutive trading sessions. The analysis highlights key technical levels that now serve as critical markers for future directional moves. Resistance appears firm near recent swing highs, while support holds at levels tested multiple times in recent weeks. This technical setup often precedes periods of heightened volatility. Market volume patterns during this consolidation phase offer additional context. Volume has generally contracted, signaling a cautious stance from major market participants. Furthermore, implied volatility metrics for JPY options have edged higher. This reflects the market’s pricing of event risk surrounding the BoJ meeting. Historical data shows similar consolidation phases often resolve with strong trending moves. The Bank of Japan’s Policy Crucible The Bank of Japan faces a complex policy environment in early 2025. Governor Kazuo Ueda and the Policy Board must balance several competing priorities. Domestic inflation metrics, while moderated from peaks, remain above the bank’s longstanding target. However, economic growth signals have shown recent fragility. The bank’s yield curve control framework continues to undergo careful adjustment. Global central bank divergence adds another layer of complexity. The Federal Reserve’s policy path influences the USD side of the pair significantly. Consequently, the BoJ’s communication on future policy normalization remains the primary focus for forex traders. Any shift in language regarding negative interest rates or bond purchase programs could trigger substantial yen movement. Scotiabank’s Analytical Framework Scotiabank employs a multi-factor model to assess currency pairs like USD/JPY. Their analysis integrates technical indicators with fundamental drivers and market positioning data. The bank’s research suggests positioning is relatively neutral, reducing the risk of a violent squeeze in either direction. However, sentiment indicators show a slight bias that could amplify a move if the BoJ delivers a surprise. The table below summarizes key technical levels identified in their report: Level Type Significance 152.80 Immediate Resistance Recent session high, option barrier 151.20 Primary Support 200-hour moving average, psychological level 153.50 Major Resistance 2024 high, long-term chart point 150.00 Key Psychological Support Large figure, previous intervention zone Global Macroeconomic Context and Impacts The USD/JPY consolidation occurs within a specific global macroeconomic backdrop. Geopolitical tensions continue to influence safe-haven flows, often benefiting the Japanese yen. Meanwhile, relative growth forecasts between the U.S. and Japan impact capital movement trends. Commodity price fluctuations, particularly energy, directly affect Japan’s trade balance and currency valuation. International bond yield differentials remain a core driver for the pair. The spread between U.S. 10-year Treasury yields and Japanese Government Bond yields is a critical metric. Recent narrowing of this spread has contributed to the pair’s consolidation. Market consensus suggests the BoJ’s decision will directly influence this differential, thus impacting the exchange rate. Yield Differentials: The primary driver of capital flows between the currencies. Carry Trade Dynamics: Low JPY interest rates have long facilitated funding trades. Risk Sentiment: JPY often strengthens during global risk-off episodes. Terms of Trade: Japan’s import dependency makes JPY sensitive to commodity prices. Market Implications and Trader Positioning Professional trader positioning data reveals a cautious approach ahead of the announcement. Leveraged funds have reduced net short yen positions according to recent CFTC reports. Meanwhile, asset managers maintain a steady exposure. This suggests the market is not positioned for a dramatic one-way bet, potentially allowing for a cleaner reaction to the BoJ’s guidance. The consolidation phase has important implications for various market participants. For exporters and importers, it provides a temporary window for hedging activities. For algorithmic trading systems, the low volatility environment poses challenges for momentum strategies. A decisive break from the current range will likely trigger responses across multiple asset classes, not just forex. Conclusion The USD/JPY pair remains in a holding pattern, with consolidation firmly in place ahead of the Bank of Japan’s critical policy decision. Scotiabank’s analysis underscores the technical and fundamental factors at play, highlighting key levels that will define the next major trend. The outcome will have significant ramifications for global currency markets, influencing everything from carry trades to international trade competitiveness. Market participants should prepare for elevated volatility as this period of compression concludes. FAQs Q1: What does ‘consolidation’ mean in forex trading? Consolidation refers to a period when a currency pair trades within a relatively narrow and well-defined price range, with neither bulls nor bears able to establish control. It often reflects market indecision before a significant news event or data release. Q2: Why is the Bank of Japan decision so important for USD/JPY? The Bank of Japan sets short-term interest rates and controls yield curve policy for Japan. Since interest rate differentials are a primary driver of currency values, any change in BoJ policy directly impacts the yen’s attractiveness relative to the U.S. dollar. Q3: What are the key levels to watch if USD/JPY breaks out of consolidation? According to Scotiabank’s analysis, a break above 152.80 could target 153.50, while a break below 151.20 might open a path toward the key 150.00 psychological level, which is also a previous intervention zone. Q4: How does global risk sentiment affect the Japanese yen? The yen is often considered a ‘safe-haven’ currency. During periods of global market stress or risk aversion, investors tend to buy yen and Japanese government bonds, which can cause the yen to strengthen against currencies like the U.S. dollar. Q5: What is yield curve control and why does it matter? Yield curve control (YCC) is a policy where a central bank targets specific yields on government bonds across certain maturities. The BoJ has used YCC to keep long-term interest rates low. Any shift in this policy can significantly alter the yield differential with other countries, impacting currency flows. This post USD/JPY Consolidation Holds: Critical Analysis Ahead of BoJ’s Pivotal 2025 Decision first appeared on BitcoinWorld .
22 Apr 2026, 15:32
Bitcoin tops $79,000 as crypto rally gathers steam; Circle, Coinbase, Strategy lead
BTC pushed to an 11-week high with dynamics for a short squeeze building, one analyst noted.
22 Apr 2026, 15:32
Bitcoin up 10% as extended US–Iran ceasefire lifts market risk appetite
Bitcoin price printed a fresh monthly high above $78,000 today as institutional investors reacted to the indefinite extension of the US-Iran ceasefire agreement. The largest crypto by market cap has rallied over 10% in the past 24 hours, effectively pushing the total crypto market cap back well above the $2.7 trillion mark. Risk-on sentiment was clearly reflected in the crypto fear and greed index, which hit greed levels at 63, marking a six-point increase from the previous day. For altcoins, however, gains were limited, with only a small handful managing to benefit from the massive liquidity rotation into Bitcoin. Why is Bitcoin price going up today? Bitcoin price hit a monthly high of $78,922 today as investors turned bullish after geopolitical tensions eased, following US President Donald Trump’s announcement of an indefinite extension of the Iran ceasefire agreement. As a result of the extension, investor concerns around the threat of conflict disrupting oil and trade in the Strait of Hormuz, which had been weighing down global markets and capping crypto gains, were effectively removed, easing the uncertainty that had persisted since the start of the month. The rally was further accelerated by a short squeeze that intensified as Bitcoin decisively moved past $76,000. According to Coinglass data, over $330 million in leveraged positions were liquidated in the last 24 hours, with short traders bearing the brunt of the losses. Bitcoin bulls were also encouraged by technical signals, as the flagship crypto had finally broken out of a two-month consolidation range that began in February, which had previously served as a heavy resistance zone. Much of this momentum was supported by aggressive buy-side pressure from corporate treasury giant MicroStrategy, alongside sustained inflows into spot Bitcoin ETFs. On April 20, Strategy revealed it purchased 34,164 BTC , cementing its position as the world’s largest publicly traded Bitcoin holder. Meanwhile, US spot Bitcoin ETF products recorded their sixth straight day of inflows, further strengthening the institutional adoption narrative. Will Bitcoin rally continue? According to Bitcoin’s 24-hour liquidation heatmap, there’s a massive cluster of liquidity sitting just below $80,000. Bitcoin 24-hour liquidation heatmap. Source: Coinglass. If Bitcoin price can clear the immediate resistance between $79,500 and $79,800, it could trigger another wave of liquidations that propel the price toward $81,000. The $80,000 mark is an important psychological level, and capturing this with conviction can solidify a bullish short-term outlook, potentially turning this former ceiling into a new floor. On the contrary, if the rally fades due to profit-taking at these local highs, it could force a healthy retreat towards $77,500, which has become the next major liquidation-backed support zone. Bitcoin could form a local top near $80,000, according to crypto analyst Ted Pillows. See below. https://twitter.com/TedPillows/status/2046877921806360665?s=20 Similarly, analyst Elija noted that investors should not get “too excited,” unless Bitcoin manages a weekly close above $78,000. BTC/USDT 1-week price chart. Source: Elija on X. However, other analysts agree that breaching past the $80,000 mark would open up the path towards $85,000. https://twitter.com/DaanCrypto/status/2046903983256510467?s=20 At the time of writing, the Bitcoin price was trading at $78,895, with gains of 10.4% on the day. The post Bitcoin up 10% as extended US–Iran ceasefire lifts market risk appetite appeared first on Invezz
