NEAR Protocol
Why NEAR Protocol is up 1.3% in the last hour
Analysis
NEAR Protocol (NEAR) rose 1.3% over the past hour even as broader crypto markets faced pressure, with CoinDesk reporting Bitcoin sliding back toward last week’s lows amid a risk-off backdrop tied to AI fears hitting tech and a plunge in precious metals. The modest NEAR uptick likely reflects short-term relative strength versus BTC rather than a NEAR-specific catalyst in the cited news.
Contributing Factors (1)
Bitcoin tumbles back near last week's lows as AI fears crush tech and precious metals plunge
The strong correlation between crypto and the software sector reasserted itself on Wednesday
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.