NEAR Protocol
Why NEAR Protocol is up 1.7% in the last hour
Analysis
NEAR Protocol (NEAR) rose 1.7% over the past hour even as broader crypto sentiment was pressured by a risk-off backdrop. CoinDesk reported bitcoin sliding back toward last week’s lows amid AI-driven fears hitting tech and a plunge in precious metals, suggesting NEAR’s move was more of a relative, short-term bounce versus the wider market 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.