NEAR Protocol
Why NEAR Protocol is down 1.0% in the last hour
Analysis
NEAR slipped about 1.0% over the past hour as broader market sentiment stayed cautious, with Bitcoin still under pressure around $68,000 despite signs that panic is easing, which can weigh on altcoins in the short term. While regulatory headlines were more constructive—Ripple’s CEO suggesting a crypto bill is nearing a deal with an April timeline—this didn’t translate into immediate risk-on buying for NEAR in the last hour.
Contributing Factors (2)
Bitcoin remains under pressure near $68,000 even as panic ebbs
Key derivatives metrics and ETF flows suggest lack of demand, but macro forces offer hope.
Ripple CEO Hints Crypto Bill Is Near Deal, Sets April as Approval Timeline
Ripple CEO Brad Garlinghouse has shared that the crypto market bill is really close to resolution after more talks between banks and crypto firms. The CEO went ahead to set April as the most likely ti...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.