Global #market sentiment

As the date approaches for Celestia's significant token unlock, the cryptocurrency market is watching closely. On October 30, the modular blockchain network will release 175.56 million TIA tokens—valued at approximately $1 billion—accounting for a staggering 81.86% of the circulating supply.

As we step into October 2024, the cryptocurrency landscape continues to evolve, and Bitcoin remains at the forefront of this transformation.

Toncoin (TON) recently encountered significant resistance at the crucial psychological barrier of $6.00, falling short despite reaching $5.96. The inability to maintain momentum at this level highlights a critical challenge for the altcoin, which has yet to convert this resistance into support.

Recent movements among large XRP holders have caught the attention of the crypto community, indicating a potentially bullish shift for the digital asset.

Ethereum's daily burn rate has surged by a substantial 163% in the past week. This significant increase in the amount of ETH being destroyed has caught the attention of market analysts and investors alike.

Bitcoin (BTC) has been on a downward trend since April, as observed in higher timeframe charts, particularly the weekly. However, the daily timeframes have shown considerable volatility, marked by notable price surges, such as the impressive 22% rally in July, which saw BTC climb from $56,000 to $68,000.