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…
The post NOT and PENDLE Tokens Suffer Losses Amid BTC’s Rebound to $59.8K appeared first on Coin Edition.
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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…
The post NOT and PENDLE Tokens Suffer Losses Amid BTC’s Rebound to $59.8K appeared first on Coin Edition.
Read More