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Home»Bitcoin»NEAR Protocol Plunges 5% as Resistance Holds, Bitwise ETP Launches
Bitcoin

NEAR Protocol Plunges 5% as Resistance Holds, Bitwise ETP Launches

July 5, 2025No Comments13 Mins Read
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NEAR token, an AI-focused cryptocurrency, experienced a 5% slump on Friday despite the launch of Bitwise’s NEAR exchange-traded product (ETP). This decline occurred in the midst of a relatively quiet day for cryptocurrencies, with even bitcoin retreating from its recent attempt at reaching a new all-time high.

The introduction of Bitwise’s NEAR Staking ETP represents a significant development in the realm of institutional adoption for the NEAR protocol. This offering allows regulated investors to access NEAR’s staking rewards through a traditional investment vehicle, showcasing the increasing interest in digital assets among established financial institutions.

In terms of technical analysis, NEAR faced a notable drop of $0.124 (5.42%) over a 24-hour period from July 3rd at 3:00 PM to July 4th at 2:00 PM, with its price falling from $2.294 to $2.170. The cryptocurrency encountered resistance around the $2.290-$2.298 range and broke below a key support level at $2.220 with heavy trading volume. Despite these challenges, there were signs of potential stabilization as the price formed a potential double bottom at its lowest point of $2.172.

During the final hour of the analysis period, NEAR saw significant volatility with a net decline of $0.018 (0.82%), dropping from $2.192 to $2.170. The cryptocurrency faced resistance at $2.177 and experienced notable selling pressure, leading to a consolidation pattern between $2.169-$2.171 in the closing minutes of the period.

In addition to NEAR’s individual performance, the CD20 index, which tracks a basket of the top 20 cryptocurrencies, also witnessed a 2% plunge as bearish momentum accelerated. The index fell from $1,788.41 to $1,756.06 over the 24-hour period, reflecting a decline of $32.35 or 1.81%. This downward trend was exacerbated by consistent selling pressure after reaching a peak of $1,801.60 on July 3rd at 9:00 PM.

Overall, the recent market movements indicate a challenging environment for cryptocurrencies, including AI-focused assets like NEAR. Investors and market participants will continue to monitor these developments closely to assess the potential impact on their portfolios and trading strategies. Bullish group, majority owned by Block.one, is a leading player in the blockchain and digital asset industry. With significant holdings in various blockchain businesses and digital assets, including bitcoin, the company has established itself as a key player in the market.

One of the subsidiaries of Bullish group is CoinDesk, which operates as an independent entity. To ensure journalistic integrity, an editorial committee has been formed, with a former editor-in-chief of The Wall Street Journal leading the team.

The partnership between Bullish group and Block.one has been instrumental in driving innovation and growth in the blockchain space. Both companies have a shared interest in promoting the adoption of blockchain technology and digital assets.

CoinDesk, as a subsidiary of Bullish group, plays a crucial role in providing news, analysis, and updates on cryptocurrencies, including Bitcoin, Ethereum, XRP, and more. The platform is a leader in providing information on digital finance, DeFi, and Web 3.0.

With a team of experts and industry professionals, CoinDesk delivers accurate and timely information to its readers. The platform covers a wide range of topics, including market trends, price analysis, and industry developments.

Overall, the partnership between Bullish group and Block.one, along with the contributions of CoinDesk, has helped shape the blockchain and digital asset industry. As the market continues to evolve, these companies remain at the forefront, driving innovation and facilitating growth in the space. Could’ve sworn the page was around here somewhere…

Have you ever found yourself lost in a sea of websites, desperately searching for a specific page that seems to have vanished into thin air? You’re not alone. The frustration of encountering a 404 error page can be all too familiar for many internet users. But fear not, there is always a way to navigate through the digital maze and find what you’re looking for.

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The infamous 404 error page, often represented by a quirky image or witty message, indicates that the requested webpage is not available or cannot be found. It can be a frustrating experience, especially when you’re on a mission to access important information or complete a task online. However, with a little patience and the right tools, you can usually find your way back on track.

One common solution to the 404 error is to go back to the homepage of the website and start your search from there. Most websites have a clear navigation menu or search bar that can help you locate the content you’re seeking. Alternatively, you can try using a search engine to find the page you’re looking for by entering specific keywords related to the topic.

If you’re still struggling to find the missing page, you can reach out to the website’s support team for assistance. Many websites have a contact page or customer support email where you can report broken links or missing content. The website administrators can then investigate the issue and potentially restore the page or provide an alternative solution.

In some cases, the 404 error may be due to a temporary issue with the website or server. If this is the case, you can try refreshing the page or clearing your browser’s cache to see if that resolves the problem. It’s also a good idea to check if the URL you entered is correct and doesn’t contain any typos or errors.

Overall, encountering a 404 error page can be frustrating, but it doesn’t have to be the end of your online journey. By following these tips and staying patient, you can usually overcome the digital roadblock and continue your browsing experience. Remember, the internet is a vast and ever-evolving landscape, so don’t be discouraged if you hit a bump in the road – there’s always a way to find your way back on track. The Benefits of Incorporating Meditation into Your Daily Routine

In today’s fast-paced world, it can be easy to get caught up in the hustle and bustle of everyday life. Between work, family, and social commitments, finding time to relax and unwind can seem like a luxury. However, incorporating meditation into your daily routine can have numerous benefits for both your mental and physical well-being.

Meditation is a practice that involves focusing your mind and eliminating distractions in order to achieve a state of mental clarity and calmness. This can be done through various techniques, such as deep breathing, visualization, or repeating a mantra. By taking just a few minutes each day to meditate, you can experience a wide range of benefits that can improve your overall quality of life.

One of the most well-known benefits of meditation is its ability to reduce stress and anxiety. By quieting your mind and focusing on the present moment, you can release tension and worries that may be weighing you down. This can help to lower your heart rate and blood pressure, as well as improve your mood and overall sense of well-being.

In addition to reducing stress, meditation can also improve your concentration and focus. By training your mind to stay present and focused on the task at hand, you can increase your productivity and efficiency in both your personal and professional life. This can lead to better decision-making, problem-solving, and overall mental clarity.

Furthermore, regular meditation practice has been shown to improve sleep quality and reduce insomnia. By calming your mind and body before bed, you can create a sense of relaxation that can help you fall asleep faster and stay asleep throughout the night. This can lead to better rest and increased energy levels during the day.

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Meditation has also been linked to improved emotional well-being. By practicing mindfulness and self-awareness, you can better understand your emotions and how to manage them in a healthy way. This can lead to increased feelings of happiness, contentment, and overall emotional stability.

Overall, incorporating meditation into your daily routine can have a profound impact on your mental and physical health. By taking just a few minutes each day to quiet your mind and focus on the present moment, you can experience a wide range of benefits that can improve your overall quality of life. So why not give it a try and see the difference it can make for yourself? The Benefits of Daily Exercise

Regular exercise is essential for maintaining good physical and mental health. Whether you prefer going for a run, lifting weights, practicing yoga, or participating in a team sport, daily exercise offers a wide range of benefits that can improve your overall well-being.

One of the most obvious benefits of daily exercise is improved physical fitness. Regular physical activity helps to strengthen muscles, improve cardiovascular health, and increase flexibility and endurance. This can lead to better performance in everyday activities, such as climbing stairs, carrying groceries, or playing with your children.

Exercise also plays a key role in weight management. When combined with a healthy diet, regular physical activity can help you maintain a healthy weight or lose excess pounds. This is important for preventing obesity and reducing the risk of chronic diseases such as diabetes, heart disease, and certain types of cancer.

In addition to physical benefits, daily exercise can have a positive impact on mental health. Physical activity releases endorphins, which are chemicals in the brain that act as natural mood lifters. This can help reduce feelings of stress, anxiety, and depression, and improve overall mental well-being.

Regular exercise can also boost cognitive function and improve memory and learning. Physical activity increases blood flow to the brain, which can help promote the growth of new brain cells and improve brain function. This can lead to better focus, concentration, and problem-solving skills.

Another benefit of daily exercise is improved sleep quality. Physical activity can help regulate your sleep-wake cycle and promote restful sleep. This can lead to better energy levels, improved mood, and increased productivity throughout the day.

In conclusion, daily exercise offers a wide range of benefits for both physical and mental health. Whether you prefer high-intensity workouts or gentle yoga sessions, making time for regular physical activity can help you look and feel your best. So lace up your sneakers, grab your workout gear, and start reaping the many benefits of daily exercise today. The Importance of Mental Health Awareness

Mental health awareness has become increasingly important in today’s society as more and more people are recognizing the impact that mental health has on overall well-being. The stigma surrounding mental health issues is slowly being broken down, allowing for more open conversations and increased support for those struggling with their mental health.

One of the key reasons why mental health awareness is so crucial is because mental health issues are incredibly common. According to the World Health Organization, one in four people will experience a mental health issue at some point in their lives. This means that mental health problems are not uncommon and can affect anyone, regardless of age, gender, or background.

By raising awareness about mental health, we can help to reduce the stigma associated with mental health issues. This stigma can prevent people from seeking help when they need it, leading to untreated mental health problems that can have serious consequences. By promoting open and honest conversations about mental health, we can encourage people to seek help and support when they need it, leading to better outcomes for those struggling with mental health issues.

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In addition to reducing stigma, mental health awareness can also help to educate people about the signs and symptoms of mental health issues. By increasing knowledge and understanding of mental health, we can help people recognize when they or someone they know may be struggling and encourage them to seek help. Early intervention is key when it comes to mental health issues, so raising awareness can help to ensure that people get the support they need as soon as possible.

Furthermore, mental health awareness can help to promote self-care and positive mental health practices. By encouraging people to prioritize their mental well-being and practice self-care, we can help to prevent mental health issues from arising in the first place. This can include things like regular exercise, mindfulness practices, and seeking support from friends and loved ones.

Overall, mental health awareness is crucial for promoting positive mental health outcomes and reducing the stigma surrounding mental health issues. By raising awareness, we can help to ensure that everyone has access to the support and resources they need to maintain good mental health and well-being. It is important for all of us to prioritize mental health awareness and work towards creating a society that supports and values mental health. the perspective of a travel blogger discussing the benefits of sustainable travel practices.

As a travel blogger, I have had the privilege of exploring some of the most beautiful and exotic destinations around the world. However, with this privilege comes a responsibility to promote sustainable travel practices to help preserve these destinations for future generations.

Sustainable travel, also known as eco-friendly or responsible travel, is a way of traveling that minimizes the negative impact on the environment, supports local communities, and promotes cultural awareness. By adopting sustainable travel practices, we can help protect the planet while still enjoying all that it has to offer.

One of the key benefits of sustainable travel is its positive impact on the environment. By choosing eco-friendly accommodations, supporting local conservation efforts, and minimizing waste and energy consumption, travelers can reduce their carbon footprint and help protect the delicate ecosystems of the destinations they visit. For example, staying in a hotel that uses renewable energy sources or participating in beach clean-up activities can make a real difference in preserving the natural beauty of a destination.

Additionally, sustainable travel practices can also benefit local communities. By staying in locally-owned guesthouses, eating at family-run restaurants, and supporting local artisans, travelers can help stimulate the local economy and create opportunities for residents to improve their quality of life. This kind of tourism can also help preserve traditional cultures and heritage, ensuring that these unique aspects of a destination are not lost to mass tourism.

Cultural awareness is another important aspect of sustainable travel. By respecting the customs and traditions of the places we visit, travelers can help promote mutual understanding and appreciation between different cultures. Engaging with local communities, learning about their way of life, and participating in cultural activities can enrich our travel experiences and create meaningful connections with the people we meet along the way.

In conclusion, sustainable travel practices are not only beneficial for the environment but also for local communities and cultural preservation. By making conscious choices as travelers, we can help protect the planet, support the livelihoods of local residents, and promote cross-cultural understanding. So next time you plan a trip, consider the impact of your choices and opt for sustainable travel practices to make a positive difference in the world.

Bitwise ETP Holds Launches plunges Protocol resistance
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