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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.
Celestia Foundation raises $100M led by Bain Capital Crypto to enhance blockchain scalability and surpass traditional transaction limits. The post Celestia Foundation raises $100M in latest round, bringing total to $155M appeared first on Crypto Briefing.
Celestia Foundation raised $100 million, bringing its total funding to $155 million, led by Bain Capital Crypto.
The funding comes weeks after Celestia developers unveiled a plan to scale the network to 1 gigabyte blocks.
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Celestia (TIA) has made headlines recently, experiencing an impressive surge of 31.5% within just two days. As traders celebrate this quick gain, questions arise about the sustainability of this momentum and whether bearish forces are preparing to push prices downward.
The recent announcement by the Federal Reserve to cut interest rates by 50 basis points has sent shockwaves through the market, especially among altcoins. The Fed rate cut has resulted in a significant surge in Bitcoin (BTC) and altcoin prices, with notable performances from Sui (SUI), Celestia (TIA), Fantom (FTM), Bittensor (TAO), and Sei (SEI).
With the growing certainty over the crypto space, some of the projects are set to outperform as they possess the ‘shill narrative'. Some bullish catalysts, like the FTX narrative, the probable win of Donald Trump, and further rate cuts, have strengthened the tokens.
Long positions were disproportionately high, which could drag prices downward to liquidate the late bulls.
The crypto markets have become hopeful as the trade entered the second fortnight of the month, squashing the bearish possibilities. With this, the altcoin market cap, excluding BTC & ETH, made a giant move above $600 billion, breaking a crucial barrier.
Celestia (TIA) price has experienced a notable increase in value recently. Currently, the price is stable, maintaining its position above established support levels.
Cryptocurrency markets are known for their volatility, and recent predictions from noted analyst Altcoin Sherpa add another layer of uncertainty. Sherpa's latest forecast for Celestia (TIA), a modular blockchain network, suggests that the token might soon dip below $1.
A popular crypto analyst thinks the modular blockchain network Celestia (TIA) will collapse in price over the long term. Pseudonymous analyst Altcoin Sherpa tells his 222,800 followers on the social media platform X that TIA will plunge to below $1 eventually, though he acknowledges it could see some “random short squeezes” before that.
Celestia experiences strong price growth and market cap rise, but negative funding rates signal caution in the derivatives market. Will the upward momentum continue?
Cryptocurrency prices were mixed as traders focused on the upcoming Federal Reserve meeting, with the crypto fear and greed index remaining in the fear zone.
This week remains vital for the financial industry, with markets expecting tomorrow's first rate cut by the Federal Reserve since 2020. The previous interest rate reduction triggered a bull run in the crypto market, and analysts expect the same this cycle.
No sooner than the Bitcoin price displays some bullish possibility, the altcoins have begun to thrive to some extent. The Fantom (FTM) price displays immense strength with over 10% gains, while the Celestia (TIA) price follows suit.
As the global crypto market cap crosses $2.10 Trillion, the price of Bitcoin has successfully reclaimed the $60,000 mark. Moreover, with a jump of 10.63% over the past week, it is currently valued at $60,226.36. Following this, altcoins have recorded a massive uptrend in their respective valuation.
Celestia (TIA) is making big moves, ranking as one of the top gainers in the last 24 hours.
