In the past few days, the market has experienced a significant downturn, and today it continues its downward trend as it enters a state of fear. The global market has seen a decline of 3%, with notable consequences for Bitcoin, the leading cryptocurrency. Bitcoin has now dropped below the $56,000 threshold and is currently being traded at $55,580. Additionally, altcoins are also facing substantial decreases, with some experiencing double-digit declines. One altcoin that has garnered considerable interest is the Pendle coin.