Near Protocol (NEAR) edges lower on Wednesday, holding above the $2.50 support. The drawdown can be partly attributed to broader crypto market volatility as investors continue to assess geopolitical tensions in the Middle East and to profit-taking following its over 100% rally in May.
Commerzbank’s Tatha Ghose reports that Hungary’s MNB kept rates at 6.25%, citing Iran-related inflation risks but acknowledging room to cut after a strong Forint rally.
Bitcoin (BTC) stalls below $76,000, trading cautiously on Wednesday after losing support from the key Exponential Moving Averages (EMAs). Institutional demand continues to fade with spot Exchange Traded Funds (ETFs) recording steady outflows since mid-May.