NEAR Protocol
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)
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.
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Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.