{"id":1281310,"date":"2026-07-01T11:42:24","date_gmt":"2026-07-01T08:42:24","guid":{"rendered":"https:\/\/www.etoro.com\/?p=1281310"},"modified":"2026-07-27T20:47:18","modified_gmt":"2026-07-27T17:47:18","slug":"crypto-corner-bitcoin-tries-to-stabilize-at-2026-lows","status":"publish","type":"post","link":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-bitcoin-tries-to-stabilize-at-2026-lows\/","title":{"rendered":"Crypto Corner: Bitcoin Tries to Stabilize at 2026 Lows"},"content":{"rendered":"

The Daily Breakdown explores cryptoassets Peanut the Squirrel and Celo, before diving into the weekly charts for Bitcoin (BTC).<\/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

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 Peanut the Squirrel and Celo.<\/span><\/p>\n

Peanut the Squirrel (PNUT): Trading near $0.04 with a market cap of ~$41 million<\/b><\/h4>\n

Peanut the Squirrel<\/a> is a Solana-based meme token inspired by the viral story of Peanut, a rescued squirrel whose death sparked online attention. Launched through meme-driven, community participation, PNUT\u2019s value centers on social momentum, humor, and decentralized culture rather than formal business operations. Token holders do not receive equity, dividends, revenue rights, or profit-sharing.\u00a0\u00a0<\/span><\/p>\n

Celo (CELO): Trading near $0.06 with a market cap of ~$40 million<\/b><\/h4>\n

Celo<\/a> is a mobile-first Ethereum Layer-2 network built for accessible payments, stablecoins, and DeFi, especially in markets underserved by traditional finance. CELO supports staking, governance, and stability mechanisms for Celo-native assets, while community voting guides upgrades and ecosystem funding. Token holders participate in network coordination, not equity ownership, dividends, or protocol profit-sharing.<\/span><\/p>\n

Check out these crypto offerings \u2014 and many more \u2014 on <\/b>eToro\u2019s Discover page<\/b><\/a> and consider adding them to your watchlist. <\/b>PNUT and CELO 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 Bitcoin<\/b><\/h2>\n

Bitcoin<\/a> has had a rough run, with Tuesday\u2019s 2.7% decline pushing its second-quarter performance to a loss of 14.2%. It marked the third straight quarterly decline for BTC, which has now fallen more than 50% from its peak and made a new 52-week low late last night.\u00a0<\/span><\/p>\n

\"Weekly
Chart as of 8:00 a.m. ET on 7\/1\/2026. Source: eToro ProCharts, courtesy of TradingView.<\/em><\/figcaption><\/figure>\n

Bitcoin briefly stabilized near its 200-week moving average and held the $60,000 level, but both areas are wavering as support as we enter July. If BTC can reclaim these levels, the technical setup could improve for bulls. However, remaining below them could keep short-term momentum tilted bearish.<\/span><\/p>\n

Options<\/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.\u00a0<\/span><\/p>\n

For those looking to learn more about options, consider visiting the <\/span>eToro Academy<\/span><\/a>.<\/span><\/p>\n

What Wall Street’s Watching<\/h2>\n

SPY<\/b><\/p>\n

The S&P 500 gained 14.9% in the second quarter, marking its best quarterly performance since 2020. Now up almost 10% for the year, bulls are wondering whether US equities can maintain momentum in the second half. While tech helped lead the way, industrials and health care provided a late-quarter boost too. Top S&P 500 ETFs include <\/span>SPY<\/span><\/a>, <\/span>IVV<\/span><\/a>, and <\/span>VOO<\/span><\/a>.<\/span><\/p>\n

NKE<\/b>
\n<\/b>Nike<\/a> beat fiscal Q4 earnings and revenue expectations, helped by a nearly $986 million tariff refund that boosted margins and added 52 cents to EPS. Revenue still slipped 1% year over year, with North America up 3% but Greater China sales down 12%. Management reiterated that earnings are expected to remain roughly flat through the first half of fiscal 2027 as Nike\u2019s turnaround continues amid pressure on global consumers. <\/span>Dig into the fundamentals for NKE<\/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":"

The Daily Breakdown explores cryptoassets Peanut the Squirrel and Celo, before diving into the weekly charts for Bitcoin (BTC). 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 account. Crypto Corner…<\/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-1281310","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 Tries to Stabilize at 2026 Lows<\/title>\n<meta name=\"description\" content=\"The Daily Breakdown explores cryptoassets Peanut the Squirrel and Celo, before diving into the weekly charts for Bitcoin (BTC).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1281310\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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