NEAR Protocol
Why NEAR Protocol is down 1.0% in the last hour
Analysis
NEAR Protocol (NEAR) slipped about 1.0% over the last hour as broader crypto sentiment stayed cautious, with CoinDesk noting BTC holding steady near $65,000 rather than driving a risk-on move that would typically lift altcoins. Separately, CryptoNews highlighted weakening institutional demand signals via near-zero XRP ETF inflows and falling on-chain activity, which can weigh on the wider altcoin complex and contribute to modest pullbacks like NEAR’s.
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.
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...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.