NE

NEAR Protocol

NEAR 1 Hour Move
-1.96%
$2.04 → $2.00

Why NEAR Protocol is down 2.0% in the last hour

Analysis

NEAR Protocol (NEAR) slipped about 2% over the past hour as the broader market traded cautiously with BTC holding steady near $65,000, limiting risk appetite for altcoins in the short term. CoinDesk’s live market updates highlighted a generally steady BTC tape alongside negative sentiment sparked by ZachXBT’s comments criticizing hardware wallets, which may have weighed on broader crypto sentiment.

Contributing Factors (2)

#1
CoinDesk Protocol Upgrade 18 hours ago

Live updates: ZachXBT calls hardware wallets complete garbage; BTC steady near $65,000

Blockchain investigator ZachXBT came down heavily on hardware wallets. BTC traded steady near $65,000 after South Korea's rate hike.

Confidence
73%
Read source
#2
CryptoNews ETF Flows 13 hours ago

Ripple XRP ETF Inflows Near Zero as Institutional Demand and On-Chain Activity Fall Together

XRP ETF daily inflows crashed to $107K on July 10 as institutional demand and on-chain activity hit multi-month lows, leaving price propped up by cold-storage holders. The post Ripple XRP ETF Inflows...

Confidence
66%
Read source

Move Details

Asset NEAR Protocol
Symbol NEAR
Direction ↓ Bearish
Timeframe 1 Hour
Start Price $2.04
End Price $2.00
Change -1.96%
Detected Jul 16, 2026 10:50 PM

Explanation Confidence

70%

High confidence in the explanation based on source reliability and timing.