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

2 hours ago 3

Rommie Analytics

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 cryptocurrencies. Trading volume over 24 hours came to $695.8 million. The figures are CoinGecko price data from October 23, 2026, 2:56 a.m. CEST.

The comparison with the larger coins shows the pattern of the day. The smaller a coin is, and the more closely it hangs on the AI story, the wider its move to the downside.

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