NEAR Protocol
Why NEAR Protocol is up 1.0% in the last hour
Analysis
NEAR Protocol (NEAR) ticked up about 1.0% over the past hour as broader crypto market attention stayed on Bitcoin’s move toward $60K, despite notable outflows from spot Bitcoin ETFs. Cointelegraph reported $434M in Bitcoin ETF outflows even as BTC briefly touched $60K, a mixed macro signal that can still coincide with short-term strength in liquid altcoins like NEAR.
Contributing Factors (1)
Bitcoin ETFs shed $434M as BTC briefly touches $60K, assets near $80B
Net weekly outflows from Bitcoin ETFs reached $690 million as BTC briefly touched $60,000, reigniting analyst criticism over “paper Bitcoin” and scarcity.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.