{"id":1261315,"date":"2026-05-06T11:50:16","date_gmt":"2026-05-06T08:50:16","guid":{"rendered":"https:\/\/www.etoro.com\/?p=1261315"},"modified":"2026-05-06T17:55:08","modified_gmt":"2026-05-06T14:55:08","slug":"crypto-corner-bitcoin-notches-a-3-month-high","status":"publish","type":"post","link":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-bitcoin-notches-a-3-month-high\/","title":{"rendered":"Crypto Corner: Bitcoin Notches a 3-Month High"},"content":{"rendered":"

Bitcoin is now back to a multi-month high, while other cryptocurrencies like Near Protocol come to life. The Daily Breakdown dives in.<\/p>\n

Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. <\/span><\/i>To keep getting our daily insights<\/i><\/b>, all you need to do is <\/span><\/i>log in<\/span><\/i><\/a> to your eToro account.<\/span><\/i><\/p>\n

\u26a1 Crypto Corner<\/b><\/h2>\n

We\u2019re continuing our talk about the ins and outs of the crypto market, helping investors become more familiar with the <\/span>110+ cryptoassets offered by eToro<\/span><\/a>. Today we\u2019ll discuss Akash Network and ApeCoin.<\/span><\/p>\n

Akash Network (AKT): Trading near $0.65 with a market cap of ~$192 million<\/b><\/h4>\n

Akash Network<\/a> is a decentralized cloud computing marketplace built with the Cosmos SDK. Its AKT token is used for payments, staking, and provider incentives across an open protocol where users buy or sell compute directly. With reverse-auction pricing and GPU support for AI and machine learning, Akash aims to make cloud resources cheaper, more accessible, and less dependent on centralized providers.<\/span><\/p>\n

ApeCoin (APE): Trading near $0.16 with a market cap of ~$162 million<\/b><\/h4>\n

ApeCoin<\/a> is the governance and utility token for the Bored Ape Yacht Club ecosystem, one of crypto\u2019s most recognizable NFT communities. Distributed to NFT holders and governed through the ApeCoin DAO, APE is used for voting, ecosystem access, gaming, merchandise, events, and metaverse applications. Its role centers on community coordination and participation, not equity, dividends, or profit-sharing.<\/span><\/p>\n

Check out these three crypto offerings \u2014 and many more \u2014 on <\/b>eToro\u2019s Discover page<\/b><\/a> and consider adding them to your watchlist. <\/b>\u00a0AKT and APE are not currently available for NY users. <\/span>Learn more<\/span><\/a>. <\/span><\/p>\n

Want to receive these insights straight to your inbox?<\/strong><\/p>\n

Sign up here<\/a><\/p>\n

The Setup \u2014 BTC<\/b><\/h2>\n
\"Daily
Chart as of 8:00 a.m. ET on 5\/6\/2026. Source: eToro ProCharts, courtesy of TradingView.<\/em><\/figcaption><\/figure>\n

After a tough fourth quarter, Bitcoin<\/a> entered the year on shaky ground. Still, it rallied to a high near $98K before struggling over the next several weeks and eventually bottoming near $60K. Now, after regaining the $80K mark amid a multi-day rally, BTC is nearing its 200-day moving average. Bulls want to see Bitcoin reclaim that key level and potentially make a run at its year-to-date high.<\/span><\/p>\n

That makes the 200-day moving average one key upside level technical traders are watching. On the downside, the ~$75K area is another important zone, as prior resistance has now turned into potential support.<\/span><\/p>\n

Options & ETFs<\/b><\/h4>\n

For investors who can\u2019t trade or aren\u2019t comfortable trading cryptocurrencies outright, they can consider ETFs for BTC and ETH. On the BTC front, <\/span>IBIT<\/span><\/a> remains the largest ETF by assets, while also supporting options trading.\u00a0<\/span><\/p>\n

Bulls can utilize calls or call spreads to speculate on upside, while bears can use puts or puts spread to speculate on downside. In either case, investors may consider using adequate time until expiration. For those looking to learn more about options, consider visiting the <\/span>eToro Academy<\/span><\/a>.<\/span><\/p>\n

What Wall Street’s Watching<\/strong><\/h2>\n

NEAR
\n<\/b>Bitcoin has been leading the crypto rally, but others are participating too \u2014 some more than others. Near Protocol<\/a> is one of them, with NEAR up almost 15% on the day and nearing a two-month high. If it can clear the March high near $1.51, NEAR would trade at its highest level since January. Check out the charts for NEAR<\/a>.<\/p>\n

ETH<\/b>
\n<\/span>Some crypto may be hitting multi-month highs, but Ethereum<\/a> isn\u2019t on that list. Instead, it\u2019s still <\/span>bumping into resistance<\/span><\/a> around the $2,400 level. Near that level now and technical traders are wondering if ETH can break through this level or if resistance will continue to hold.\u00a0<\/span><\/p>\n

AMD<\/b>
\n<\/b>Shares of Advanced Micro Devices<\/a> climbed more than 15% in after-hours trading after the company delivered a top- and bottom-line beat for its first-quarter results, while management\u2019s second-quarter revenue outlook also topped analysts\u2019 expectations. As of yesterday\u2019s close, AMD shares were up more than 250% over the past year. <\/span>Dig into the fundamentals for AMD<\/span><\/a>.<\/span><\/p>\n

Disclaimer:<\/i><\/b><\/p>\n

Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.<\/i><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin is now back to a multi-month high, while other cryptocurrencies like Near Protocol come to life. The Daily Breakdown dives in. Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. To keep getting our daily insights, all you need to do is log in to your eToro…<\/p>\n","protected":false},"author":130,"featured_media":819735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6894],"tags":[],"asset_type":[],"class_list":["post-1261315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-breakdown"],"acf":[],"yoast_head":"The Daily Breakdown's Crypto Corner: Bitcoin Notches a 3-Month High<\/title>\n<meta name=\"description\" content=\"Bitcoin is now back to a multi-month high, while other cryptocurrencies like Near Protocol come to life. 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