The Daily Breakdown takes a look at Bitcoin as it tests a key resistance level. Oracle and software stocks are also in focus.
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Crypto Corner
We’re continuing our talk about the ins and outs of the crypto market, helping investors become more familiar with the 110+ cryptoassets offered by eToro. Today we’ll discuss Flare and Compound.
Flare (FLR): Trading near $0.008 with a market cap of ~$691 million
Flare is a Layer-1 blockchain built to give non-smart-contract assets, especially XRP, a programmable life. Its FLR token powers gas fees, staking, delegation, and governance, while FXRP lets users bring XRP into smart-contract activity without a central custodian. Originally called Spark, FLR also acts as collateral in the network’s FXRP system, making Flare a utility-first chain with a practical cross-chain pitch.
Compound (COMP): Trading near $20.60 with a market cap of ~$206 million
Compound is one of DeFi’s early blue chips — an Ethereum-based lending protocol where users can supply crypto to earn interest or borrow against it without a traditional bank in sight. The COMP token is not for dividends or passive yield; it is the protocol’s governance key, letting holders vote on upgrades and major changes. In short, Compound turned lending into code and gave users a seat at the table.
Check out these three crypto offerings — and many more — on eToro’s Discover page and consider adding them to your watchlist.
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The Setup — Bitcoin
Bitcoin traded up to $74K over the weekend, quickly retreated back toward $70K, and now finds itself back near the key resistance area of $74K. In March, BTC snapped a five-month losing streak, but for bulls to gain any meaningful upside momentum, they’ll need to see Bitcoin finally clear $74K. If it can’t, the current support zone near $62,500 to $65,000 could remain in play.
Options
For investors who can’t trade or aren’t comfortable trading cryptocurrencies outright, they can consider ETFs for BTC and ETH. On the BTC front, IBIT remains the largest ETF by assets, while also supporting options trading.
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 eToro Academy.
What Wall Street’s Watching
ORCL
Shares of Oracle are trending higher this morning, up about 5% after expanding its partnership with Bloom Energy to deploy up to 2.8 gigawatts of fuel cell capacity, underscoring its push to secure fast, on-site power as it scales AI and cloud data center infrastructure. Shares jumped more than 12% yesterday, too. Check out the chart for ORCL.
JPM
Big banks are kicking off earnings this morning, with JPMorgan, Citigroup, and Wells Fargo leading the way. For its part, JPMorgan beat on earnings and revenue expectations, but shares are down slightly in pre-market trading. WFC stock is down too. Financials were the worst-performing sector in Q1. Check out our recent Deep Dive for JPM.
IGV
Software stocks ended last week with a skid, with the IGV ETF falling 7%. But Monday was a bounce-back day, with the ETF climbing more than 5%, while large software stocks like Microsoft, ServiceNow, Snowflake, Applovin, helped lead the rebound.
Disclaimer:
Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.