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NEAR Protocol drops 7.57% amid tech stock sell-off and high oil prices, outpacing Bitcoin's 3.3% decline

Market News
22 Oct 2026
CryptoTicker
View Source
Bearish
NEAR Protocol drops 7.57% amid tech stock sell-off and high oil prices, outpacing Bitcoin's 3.3% decline

NEAR Protocol's price fell 7.57% to $4.91 on October 23, 2026, driven by a broader market sell-off in technology and chip stocks on Wall Street and sustained high oil prices above $111 per barrel. This risk-off sentiment caused investors to pull money from volatile assets like cryptocurrencies, with NEAR, closely tied to AI trends, experiencing a sharper decline than Bitcoin and Ether. Despite the drop, NEAR remains up over 11% in the past month and 126% over the past year, showing resilience. Investors should note that the sell-off was market-driven, not due to any specific news from the NEAR blockchain, and consider leverage risks and tax implications when trading.

NEAR Protocol is down 3.47% on Pluang as of Oct 23, 2026 10:22 WIB, a smaller drop compared to the 7.57% fall reported in the news. Despite this decline, NEAR's price at Rp89,318 remains supported by strong market interest, with 96% of Pluang order activity on the sell side and a typical hold time of 51 days. This contrasts with the broader tech sell-off impacting chip stocks and cryptocurrencies, highlighting NEAR's relative resilience within volatile markets.

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