NEAR Protocol
Why NEAR Protocol is up 6.7% today
Analysis
NEAR Protocol (NEAR) rose 6.7% over the past 24 hours despite a broader risk-off tone in crypto markets. CoinDesk reported that bitcoin slid back toward last week’s lows amid AI-driven tech fears and a plunge in precious metals, suggesting NEAR’s gain likely reflected relative strength and selective buying even as the wider market softened.
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.