Bitcoin
Crypto Market Pullback Hits Most Major Coins as NEAR Protocol Posts Standout Gains
During the week ending October 12, 2026, 21 of the top 25 cryptocurrencies dropped while NEAR Protocol surged contrary to the broader market trend.
The cryptocurrency market experienced broad declines in the week ending October 12, 2026, with 21 of the top 25 digital assets by market value recording weekly losses. Bitcoin showed the smallest retreat among major tokens, dipping 3.2%, while larger decreases hit Ethereum (-6.4%), XRP (-7.7%), Solana (-8.2%), and Dogecoin (-9.7%).
Bucking the downward move, NEAR Protocol gained 12.7% over the seven-day period to reach $5.82, helped by a 10.9% jump within a 24-hour window. The token also marked a 146.3% increase over the trailing month.
The report notes that Bitcoin's deeper liquidity helped cushion its price compared to smaller alternatives, which face sharper swings when demand recedes. While NEAR has drawn attention for its team's work on an artificial intelligence-focused platform, the piece points out that the rapid rally may reflect crowded trading positions rather than verified changes in network activity or fee metrics.
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