NEAR drops 7.6 percent as chip stocks drag the Nasdaq: can $4.83 hold?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.NEAR Protocol has lost 7.57 percent in 24 hours to $4.91, more than twice as much as Bitcoin. The slide was triggered by the sell-off in technology and chip stocks on Wall Street, not by news out of the NEAR blockchain.NEAR Protocol is trading at $4.91 in the early hours of Friday, October 23, 2026. That is 7.57 percent below the level of 24 hours earlier, while Bitcoin lost 3.30 percent and Ether 3.31 percent over the same period. The trigger does not sit inside the NEAR blockchain but on the stock market: technology and chip stocks fell on Wall Street, oil held above $111 a barrel, and money moved out of risky assets. NEAR is marketed as a blockchain for AI applications, which ties it to precisely the trend that turned on Thursday. NEAR price falls to $4.91 while Bitcoin holds $81,438 The 24-hour range runs from $4.83 to $5.33. At the lower end, NEAR sat roughly 9.4 percent below the daily high. Market capitalisation stands at $6.42 billion, which is rank 19 among all cryptocu...