NEAR Protocol
Why NEAR Protocol is down 14.8% today
Analysis
NEAR Protocol (NEAR) fell 14.8% over the past 24 hours as broader crypto risk sentiment weakened alongside renewed capitulation concerns in Bitcoin. Cointelegraph flagged multiple signs that BTC may be nearing “full capitulation,” a backdrop that often pressures altcoins like NEAR more sharply during market-wide drawdowns.
Contributing Factors (2)
Three signs that Bitcoin price is near ‘full capitulation’
Panic selling by short-term holders, extreme fear, and oversold RSI suggested that BTC could be nearing the final phase of capitulation.
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.