Data from #CryptoSlate shows that #NEAR Protocol's token increased to a three-week high of $1.60 in response to the news of its Foundation agreement with #Alibaba Cloud.

NEAR has dropped by almost 4% during the past month, hitting a low of $1.17 on June 15 before gradually regaining its previous values. According to data from CryptoSlate, at the time of writing, the coin has reversed to $1.58.

According to #CryptoSlate 's data, #Bitcoin price has dropped approximately 6% in the past 24 hours, breaking the $58,000 mark to fall to as low as $56,900.

Market observers warned that if the heavy selling action continues, this decline could be a precursor to a decline in the flagship digital asset’s price to the low $50,000s.

Earlier today, blockchain analyst Lookonchain identified a whale that sold 3,500 $BTC for $206 million in five hours through the #Binance Exchange.