NEAR Protocol's (CRYPTO: NEAR) price has decreased 5.18% over the past 24 hours to $4.09. This is contrary to the coins performance over the past week where it has experienced an up-trend of 3.0%, moving from $3.98 to its current price.
As Three Arrows Capital (3AC) goes through the liquidation process mandated by the Order of the Eastern Caribbean Supreme Court in the High Court of Justice in the British Virgin Islands, the full depth of the company's implosion and its effect on the crypto industry is starting to become clear.
The global cryptocurrency market cap regained its $1-trillion level after recording a sharp plunge in the recent period, with the market valuation falling close to $800 billion earlier during the month.
NEAR Protocol's (CRYPTO: NEAR) price has decreased 5.39% over the past 24 hours to $3.12, continuing its downward trend over the past week of -10.0%, moving from $3.46 to its current price.
Pocket Network, a relay infrastructure middleware protocol, has added support for (CRYPTO: NEAR), a developer-friendly, proof-of-stake public blockchain.
Bitcoin (CRYPTO: BTC) has staged a nice recovery in recent sessions, as risk appetite returned to the market. The recovery has been in fits-and-starts, and the apex currency has not built up enough momentum to stage a sustained recovery.
Over the past 24 hours, NEAR Protocol's (CRYPTO: NEAR) price has risen 4.98% to $13.81. This continues its positive trend over the past week where it has experienced a 23.0% gain, moving from $11.28 to its current price.