NEAR Protocol
Why NEAR Protocol is up 1.8% in the last hour
Analysis
NEAR Protocol (NEAR) rose 1.8% over the past hour as broader crypto sentiment firmed following a risk-on readthrough from a JPMorgan note highlighting improved near-term outlook after January’s rally, which supported related crypto equities like bitcoin mining stocks. While the report is focused on mining stocks rather than NEAR specifically, the constructive tone can spill over into altcoins during short-term moves.
Contributing Factors (1)
January rally bolsters near-term outlook for bitcoin mining stocks, JPMorgan says
Shares of mining companies rose last month despite softer bitcoin prices as storms cut the network hashrate and AI optimism grew, the bank said.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.