Bitcoin Holds Above $81,000 as NEAR Surges on Zcash Swaps
- Bitcoin traded at just above $81,000, increasing less than 1% over the past 24 hours.
- NEAR token rose approximately 23% to over $4 due to increased activity from NEAR Intents, a cross-chain swap service.
- Daily ZEC volume through NEAR Intents surged sixfold in one week, indicating high trading interest.
- ZEC gained around 3%, reaching just above $1,500, while BNB increased by about 2% to nearly $777.
- Ether and HYPE each saw gains of about 2%, with other tokens like XRP and DOGE rising by less than or equal to 1%.
The recent increase in NEAR is attributed to its role as a routing layer for one of the most actively traded tokens, enhancing its market presence significantly. The approval of onchain trading for tokenized U.S. stocks has also positively influenced Bitcoin’s price stability.
As of now, Bitcoin remains above $81,000 while NEAR’s notable rise reflects a growing interest in decentralized finance solutions like cross-chain swaps. (Source)
