NEAR Protocol
Why NEAR Protocol is up 1.1% in the last hour
Analysis
NEAR Protocol (NEAR) rose 1.1% over the past hour, likely reflecting a modest altcoin rebound even as broader crypto markets digested risk-off headlines. CoinDesk reported Bitcoin sliding back toward last week’s lows amid AI-driven market fears and a wider pullback across tech and precious metals, and NEAR’s move appears to be a small divergence against that broader pressure rather than a NEAR-specific catalyst.
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.