NEAR Protocol Faces Market Turbulence as Institutional Interest Signals Broader Crypto Volatility

NEAR Protocol rose 1.93% in the 24 hours to 15:00 UTC on Aug. 8, moving from $2.59 to $2.64. The token traded between $2.54 and $2.71, a 6.84% range that industry executives say highlights ongoing structural weaknesses in crypto markets and the need for clearer regulation. “These volatile trading patterns highlight the need for more robust market infrastructure and clearer regulatory frameworks,” said a senior executive at a major digital asset trading firm.

Institutional flows drove much of the activity, with volume surging to 18.9 million units. Analysts pointed to the $2.62 to $2.66 zone as a focus for corporate treasuries and hedge funds. A sharp rejection at $2.67, accompanied by more than 120,000 units sold in four minutes,…

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