$NEAR Protocol is trading nearly 3% higher amid a modest broad crypto market recovery, with $BTC rebounding toward $63,000 and major altcoins like Solana gaining over 6%. NEAR had been testing critical $2 support levels over recent sessions following a brutal market-wide selloff driven by persistent U.S. inflation at 4.2%, record Bitcoin ETF outflows over 13 consecutive sessions, and risk-off sentiment tied to escalating U.S.-Iran tensions. Positive regulatory tailwinds—including Japan's parliament passing crypto-friendly legislation that could cut capital gains taxes and open the door to crypto ETFs—alongside ongoing U.S. CLARITY Act lobbying efforts are providing macro support for altcoins, though JPMorgan warns a sustained crypto rebound is not guaranteed without resolution of regulatory and institutional uncertainties.#BlackRockBitcoinYieldETFSetToLaunch #near