NEAR Protocol
Why NEAR Protocol is down 1.0% in the last hour
Analysis
NEAR fell about 1.0% over the past hour as broader crypto risk appetite weakened, with market sentiment pressured by signs of reduced retail interest. Cointelegraph reported that Google search volume for βcryptoβ is hovering near a yearly low amid a broader market rout, which can coincide with softer demand and short-term selling across altcoins like NEAR.
Contributing Factors (1)
Google search volume for 'crypto' hovers near yearly low amid market rout
Investor sentiment in crypto is now at the same level it was during the 2022 Terra-LUNA crash that sent shockwaves through the crypto market.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.