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NEAR Protocol price drops over 10% with no clear cause, underperforming Bitcoin and Ethereum.

Market News
12 Sep 2026
Coincu
View Source
Bearish
NEAR Protocol price drops over 10% with no clear cause, underperforming Bitcoin and Ethereum.

NEAR Protocol (NEAR) experienced a sharp price decline of about 10.46% to $2.39 on September 12, 2026, significantly underperforming Bitcoin and Ethereum, which fell by 1.70% and 2.57% respectively. No verified catalyst or project-specific news explains the drop, and market sentiment remains generally positive. The decline appears driven by market data rather than confirmed events, with bearish derivatives positioning and mixed order-book signals suggesting short-term uncertainty. Investors should watch for changes in short positions, order-book dynamics, and whether NEAR's performance gap with major cryptocurrencies narrows to gauge potential recovery.

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