From 24/7 Wall St. · Sam Daodu · · 1m 10s
Crypto Market Selloff Hits 21 Coins, NEAR Protocol Surges
Twenty-one top crypto coins fell last week as NEAR Protocol jumped 12.7% amid market turmoil.
In brief
Twenty-one top crypto coins fell last week as NEAR Protocol jumped 12.7% amid market turmoil. Twenty-one of the top 25 cryptocurrencies declined last week while NEAR Protocol rose 12.7% in a week of market volatility. Originally reported by 24/7 Wall St..
Crypto Market Selloff
Last week the crypto market bled across the board with 21 of the top 25 coins declining.
NEAR Protocol Surges
NEAR Protocol rose 12.7% to $5.82, including a 10.9% jump in 24 hours.
Bitcoin's Minimal Drop
Bitcoin fell 3.2% amid the selloff, the smallest decline among major coins.
Smaller Coins Decline Harder
Ethereum dropped 6.4%, XRP fell 7.7%, Solana lost 8.2%, and Dogecoin dropped 9.7%.
Liquidity Drives Volatility
Smaller coins like NEAR have thinner trading volumes, causing sharper price drops when demand falls.
NEAR's 146.3% Monthly Gain
NEAR Protocol gained 146.3% over the past month but trades 71.5% below its all-time high.
NEAR Rally Signals Trouble
NEAR's 12.7% weekly gain raises concerns as it outperforms Bitcoin's drop and Dogecoin's decline.
What Happens Next
NEAR holders may sell if Bitcoin stabilizes, or the rally could collapse quickly.
The essence
Twenty-one of the top 25 cryptocurrencies declined last week while NEAR Protocol rose 12.7% in a week of market volatility.
