NEAR Surges by 37% as Bitcoin Stalls Around $66k

TL;DR

• NEAR is the best performer amongst the top 50 cryptocurrencies by market cap, adding 37% to its value.

• BTC continues to trade above $66k after setting a new all-time high earlier this week.

Near Protocol’s NEAR Outperformers Other Major Coins

NEAR, the native coin of the Near Protocol, is the best performer amongst the top 50 cryptocurrencies by market cap in the last 24 hours. The coin added 37% to its value during that period and is now trading at $5.85 per coin.

There is no major catalyst behind NEAR’s ongoing rally, with the Near Foundation joining the Stacks network as a Signer to support the growth of a new economy on top of Bitcoin.

Over the last seven days, NEAR has added 50% to its value, outperforming some of the major cryptocurrencies in the market. NEAR’s rally comes as Bitcoin stalls around the $66k level.

BTC, the world’s leading cryptocurrency by market cap, reached a new all-time high price of $69,170 on Tuesday. However, it retreated following the new record but is slowly recovering and is now trading at $66,090 per coin.

Bitcoin added more than 3% to its value in the last 24 hours and could be surging higher in the short term. Market experts are optimistic that BTC could rally towards the $76k level in the near term.

Ether, the second-largest cryptocurrency by market cap, has also continued its rally and is now trading above $3,800, up by 7% in the last 24 hours. 

Thanks to the ongoing positive performance, the total cryptocurrency market cap now stands at $2.5 trillion, up by 5% in the last 24 hours.