Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

AI Protocol NEAR Surges Over 20% Intraday, Briefly Breaching $3.3 to Hit One-Year High

Source Tradingkey

TradingKey - NEAR surges 24% to hit $3.3, setting a new high for nearly a year.

On September 18, public chain and AI protocol Near (NEAR) continued its recent momentum, surging 24% today and briefly touching $3.3, setting a new high since September 2025. Recently, NEAR's price has continued to rise, accumulating gains of over 100%, significantly outperforming the broader market and outpacing major coins such as Bitcoin (+18%) and Ethereum (+28%).

near-price-adfbd58d8d5541eea765c86f6024f905 NEAR price chart, Source: TradingView

Recently, the total value locked (TVL) of Confidential Intents, a cross-chain privacy execution feature in the NEAR ecosystem, officially surpassed the $70 million mark, directly triggering the official "NEAR@3.33" rewards program launched in June this year, pointing to a potential airdrop reward.

On September 15, the official team successfully executed the snapshot of account data for the first round of Drop 1 and will allocate 333,333 milestone tokens to eligible users. However, these rewards will remain locked after distribution and can only be unlocked when the three-day volume-weighted average price (VWAP) of NEAR remains at or above $3.33 continuously, which has attracted a large number of ecosystem users and traders to lock up tokens to participate, creating direct spot buying pressure in the market.

The rise in NEAR's price was also influenced by the implementation of FOMC policy and new policy announcements from the U.S. SEC. Yesterday, after the Federal Reserve's September rate decision was finalized, the macroeconomic uncertainty suppressing high-risk assets overall receded, risk-off sentiment among macro funds cooled down, and risk appetite in the crypto market rebounded. Shortly thereafter, the SEC issued an innovation exemption statement, further driving the tokenization of U.S. stocks, while Bitcoin's price rose to around $77,000, triggering a general rebound in altcoins.

Notably, $3.3 is a strong resistance level for NEAR during its rallies in 2025, having failed to break through in five attempts. If it can effectively break through this level this time, it will completely open up upside potential, with the promise of a further rally of over 80% to around $6.

Source

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Fed hike odds near 90% into Wednesday's decision — how to trade the dollar, gold and the S&P 500 A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Author Suzie

Sep 14, Mon

A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Silver breaks $64 as precious metals rebound — can gold hold the $4,280 line into the Fed decision?Silver has climbed back above $64 an ounce for the first time this week, leading a broad rebound across precious metals hours before the Federal Reserve delivers what is expected to be its first rate hike since 2023. Spot silver was last at $64.64, up 1.49% on the day, while gold reclaimed $4,300 and platinum and palladium both advanced. The question now is whether the bounce is a genuine turn — or a pause before the Fed's dot plot decides the next move.

Author Suzie

Sep 16, Wed

Silver has climbed back above $64 an ounce for the first time this week, leading a broad rebound across precious metals hours before the Federal Reserve delivers what is expected to be its first rate hike since 2023. Spot silver was last at $64.64, up 1.49% on the day, while gold reclaimed $4,300 and platinum and palladium both advanced. The question now is whether the bounce is a genuine turn — or a pause before the Fed's dot plot decides the next move.

Bitcoin falls below $75,000 as the CLARITY Act fails in the Senate — what the vote means for crypto The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Author Suzie

Sep 16, Wed

The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Dow drops 631 points as the Fed hikes — but futures are rebounding: what's next for US stocks?The Dow fell 631 points and the S&P 500 closed below 7,600 after the Fed hiked rates for the first time since 2023, with the dot plot showing 16 of 18 officials expect more tightening. Asia-session futures are already recovering — here are the levels and analyst views that decide whether 7,500 holds.

Author Irene Q.

Yesterday 02: 54

The Dow fell 631 points and the S&P 500 closed below 7,600 after the Fed hiked rates for the first time since 2023, with the dot plot showing 16 of 18 officials expect more tightening. Asia-session futures are already recovering — here are the levels and analyst views that decide whether 7,500 holds.

Dollar index tops 100 for the first time since July as the Fed's hawkish dot plot sinks in The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.

Author Irene Q.

Yesterday 02: 45

The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.

Popular Symbols