As October started, the cryptocurrency market faced a significant crash, increasing the bearish sentiment and attracting highly capitalized short-sellers. Some cryptocurrencies now risk suffering a short squeeze as imbalances appear in the market's open interest, dominated by short positions.

The crypto markets saw significant turmoil over the past 24 hours, with over 100,000 traders impacted by mass liquidations, greatly raising concerns during the latest market downturn. Bitcoin (BTC) briefly dipped below the $60,000 mark on October 3 before recovering and pushing back above $60,000.

A closely followed crypto strategist is warning that one modular blockchain project may be on the verge of collapse. Pseudonymous analyst Altcoin Sherpa tells his 224,000 followers on the social media platform X that layer-1 Celestia (TIA) could plummet by more than 77% from its current value due to prolonged investor selling.

The cryptocurrency market has been showing signs of struggle lately, and Celestia (TIA) is no exception. Recent analyses indicate that TIA might continue its downward trajectory, potentially hitting a price of $4.55 in the coming days.

The modular blockchain network Celestia will conduct the large token unlock in October, with a massive $1 billion worth of TIA set to be released. Many of its holders have begun selling their tokens before this event.

The market isn't in favor of a TIA upswing. Here's a look at the technical aspects.

October marks significant token unlock events for several major projects.

SUI is not suffering from today's unlock, but TIA is for the end-of-month unlock.

TL;DR By October 2024, $1.3 billion worth of tokens will be unlocked on the market. Notable projects include Celestia, Sui and Aptos, with major releases scheduled. Investors should be on the lookout for potential impacts on cryptocurrency prices due to these unlocks.

The largest token unlock of the month belongs to Celestia, which will unlock 175.56 million TIA tokens on October 30.

The upcoming $1.3 billion token unlock could significantly impact market dynamics, potentially increasing selling pressure and volatility. The post Celestia, Sui, and Aptos set for $1.3 billion token unlock next month appeared first on Crypto Briefing.

While Celestia's monster $1 billion unlock dominates the rest of the field, several projects have large unlocks scheduled for the month of October.

The crypto venture capital scene is busy; Binance founder and former CEO Changpeng Zhao completes a four-month sentence; and SEC chair Gary Gensler addresses Bitcoin in a TV appearance.

The biggest raise this week came from Celestia. It announced a $100 million round led by Bain Capital Crypto, with participation from 1kx, Syncracy Capital, Placeholder and Robot Ventures.

In this week's venture capital update, more than $253 million flowed into the crypto startup world, although the bulk of that funding went to the blockchain network Celestia Foundation. Crypto.

Uptober is just around the corner. Crypto traders are eagerly anticipating the market's usual rally at this time of year.

TL;DR Celestia (TIA) will unlock $1.1 billion worth of tokens on October 31, making it one of the most significant launches of the month. Cheelee will also be performing a significant $300 million unlock on October 10, although it is facing market stability issues following recent price fluctuations.

The release of Celestia's $1.1B tokens is just one part of the massive token unlock wave coming in October.

The looming token unlock will raise concerns about prices?

On October 31st, Celestia will release tokens worth a whopping $1.1 billion. Additionally, $300 million in Cheelee tokens will be available starting on October 31st.

Celestia tokens worth $1.1 billion will be unlocked on Oct. 31, while $300 million in Cheelee tokens will be released on Oct. 10.

TIA has outperformed the CoinDesk 20 Index by a wide margin.

The cryptocurrency market remains a mix of volatility and opportunity. While Bitcoin struggles to maintain its momentum against the 200-day moving average, several altcoins are displaying notable strength.

Layer-1 modular blockchain Celestia (TIA) is soaring after the project's foundation raised $100,000,000 to support the ecosystem. According to the Celestia Foundation, the nonprofit group set up to support the TIA network, the $100 million fundraising was led by Bain Capital Crypto.

Bitcoin (BTC) and Ethereum (ETH) continued to climb after witnessing a slight correction on Tuesday as the crypto market rally continued. BTC is within touching distance of $65,000, and ETH is close to the $2,700 mark.

Cardano, Celestia and dogwifhat are witnessing positive sentiment on social platforms as the broader crypto market.

On Monday, the Celestia Foundation announced it has raised $100 million in funding, spearheaded by Bain Capital Crypto, with additional investments from firms like Syncracy Capital and 1kx.

Celestia (TIA) has experienced a significant 20% price increase in the last three days. Part of it was driven by excitement around its $100 million funding round.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

TL;DR $100M Funding Secured: Celestia Foundation raised $100 million in a funding round led by Bain Capital Crypto, bringing its total fundraising to $155 million, highlighting its growing importance in the blockchain space.

Celestia Foundation raises $100 million led by Bain Capital Crypto, aiming to scale modular blockchain technology. The funding will boost its rollup ecosystem and data throughput.

TIA, the native token of the modular blockchain network Celestia, has surged 14% after it announced the commencement of its second funding round. At press time, Celestia (TIA) was trading at $6.2, having surged to an intraday high of $6.

TIA price surged 32% to hit $6.9 on Sept 24, as Celestia Foundation announced an $100 million in a funding round led by Bain Capital Crypto.

In the past 24 hours, Celestia (TIA) price rallied over 13 percent to trade about $6.29 on Monday, thus initiating a fresh macro bull run.

As Bitcoin bears continue to defend the resistance at 200-day MA, some altcoins display strength. Ethereum trades at $2,612 while the BinanceCoin price crosses $600. Besides, Solana, XRP, Dogecoin, and Cardano consolidate below their respective resistances at $150, $0.6, $0.12, and $0.4.

The blockchain Celestia has announced that it has raised $100 million, at a time when the token TIA is facing a significant decline.

coin CMP Market cap Trading volume Price change (24 h) Price change (7d) SUN $0.0232 227M 41.51M -0.80% -0.20% Bluzella (BLZ) $0.15 66.55M 12M -0.50% 33% SUI $1.51 4051M 806M -6.

Late Monday, the Celestia Foundation announced that it has secured $100 million in funding led by Bain Capital Crypto. This round also saw contributions from Syncracy Capital, 1kx, Robot Ventures, and Placeholder, bringing the total capital raised to $155 million.

The Celestia Foundation, the team behind modular blockchain network Celestia, announced that it had raised USD $100 million in an investment round.

The crypto prices today have sparked considerable investor speculations across the globe. Bitcoin & major altcoins illustrated waning price actions, whereas Celestia (TIA) emerged as the day's top gainers.

Cryptocurrency Price Today: The global cryptocurrency market has traded sideways in the past 24 hours, sinking 1.6% in valuation, leading the market cap to $2.22 trillion. With the Fear & Greed Index maintaining steady at 51 (neutral), the market sentiment remains alert as traders await more strong market movements.

Cryptocurrency prices have pointed upwards in the past few days as the market digest the recent central bank decisions. Bitcoin, the biggest crypto in the industry, has held steady above $63,000, although signs indicate its recovery is waning. Similarly, the combined market cap of all cryptocurrencies rose to over $2.2 trillion.

The Celestia Foundation has raised $100 million towards its roadmap implementation leveraging on scalability. Several venture capitalist firms took part in the round as the total amount for the project soared to $155 million.

Celestia Foundation announced the raise of $100 million in a funding round to support the growth of its modular blockchain ecosystem.

Celestia (TIA) price has recently seen a significant uptick. The TIA is currently performing well, showing a bullish trend.

The investment round's backers include Bain Capital, Syncracy Capital, 1kx, Robot Ventures, and Placeholder, bringing Celestia's total fundraising to $155 million.

Celestia Foundation, the Liechtenstein-based non-profit organization helping to build Celestia, has raised $100 million from major crypto-focused venture capital firms, led by Bain Capital Crypto. Announced on Sept.