NEAR Protocol
Why NEAR Protocol is down 4.1% today
Analysis
NEAR Protocol (NEAR) fell 4.1% over the past 24 hours as broader crypto sentiment leaned toward bitcoin-linked plays rather than altcoins, following a JPMorgan note highlighting a stronger near-term outlook for bitcoin mining stocks after January’s rally. With attention concentrated on BTC mining equities, risk appetite for non-BTC assets like NEAR appeared softer during the session.
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.