Why Celestia crypto’s breakdown below $0.47 could trigger more TIA losses

Celestia [TIA] plunged 14.03% in 24 hours at press time, as fresh macroeconomic uncertainty triggered heavy selling across the altcoin market, deepening its recent losses. This steep decline accompanied the Federal Reserve's hawkish stance and persistent inflation concerns, which weakened demand for riskier altcoins. Particularly, the Federal Reserve preserved its cautious monetary policy stance on the 28th of October. Additionally, September's PCE inflation matched expectations at 3.6% annually, validating concerns about extended restrictive interest rates. Despite the price decline, the token’s trading volume interestingly surged 38.04% to $72.72 million.

Source: AMBCrypto