NOT and PENDLE Tokens Suffer Losses Amid BTC’s Rebound to $59.8K

• Bitcoin’s drop to $59.8K triggers a broad crypto market decline
• NOT’s price drops 20% weekly, trading at $0.01302 amid bearish trends.
• PENDLE’s TVL falls 40% weekly, with user withdrawals totaling $3 billion.

The global crypto market has plunged back into bearish territory, with the leading digital currencies suffering significant losses. This downturn follows a brief recovery period on Monday when Bitcoin surged past the $63.7K threshold.

However, the resurgence was short-lived, as Bitcoin’s rapid decline to approximately $59,800 triggered a broader market sell-off, impacting altcoins like Notcoin (NOT) and Pendle (PENDLE).

CoinMarketCap data shows that NOT, which had been enjoying substantial gains earlier this month, fell by over 6% in a single day, erasing much of its recent progress. Meanwhile, PENDLE experienced an even steeper decline, losing nearly 15% of its market value as investors reacted to the widespread bearish sentiment.

NOT Token Loses 20% in a Week

Over the past week, NOT has been trapped in a persistent downtrend, consistently marking lower lows and failing to secure stable support levels. This relentless bearish sentiment has resu…

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