Cryptocurrency Market Sees Significant Downturn as Bitcoin Drops Below $73,000

The cryptocurrency market experienced a significant downturn on May 28, 2026, as Bitcoin dropped below $73,000. This decline impacted top altcoins, including NEAR Protocol and Injective, which saw a 7% and 8% daily reduction, respectively.

According to verified data, key support and resistance levels for these assets will be crucial in the coming days. For NEAR Protocol, a key price projection points to the $2.30 to $2.36 zone as a critical area to watch, with slipping below this range potentially exposing a path toward $1.74.

Market analyst Michaël van de Poppe outlined a flexible two-part strategy for navigating the price action of NEAR, depending on whether the market undergoes a deeper correction or initiates a rally. His approach involves accumulating strong long-term positions if the price drops below $2.30 and trimming part of his position near long-term resistance if the price keeps rising.