COAI soars 113% and leads recovery as Bitcoin falls to $111
- COAI soars 113% and dominates the market
- Bitcoin Retreats to $111.973 After Resistance
- Altcoins reach $100 billion in market value
Bitcoin (BTC) is trading slightly higher by 0,5% this Tuesday (15), trading at US$ 111.973, after failing to hold above the US$ 113.500 reached earlier. The cryptocurrency continues to face resistance in this price range, reflecting the volatility that has dominated the market since the beginning of the month.
October began with a strong rally, with Bitcoin breaking through $126.000 and setting a new all-time high. However, after US President Donald Trump announced new tariffs on China, the market reacted with a massive sell-off. BTC plummeted from $122.000 to $101.000 in just a few hours, dragging down the rest of the cryptocurrencies. More than 1,6 million leveraged traders were liquidated, totaling $19 billion in 24 hours—a record high.
After the collapse, Bitcoin rebounded and reclaimed the $110.000 level, reaching $116.000 on Tuesday morning, but retreated again under selling pressure. Its market cap currently stands at $2,25 trillion, while its dominance over altcoins has fallen to less than 57%.
COAI soars and dominates the day's highs
The standout altcoin is COAI, a token linked to artificial intelligence (AI), which has soared 113% in the last 24 hours, reaching the $16 mark. This impressive performance has attracted investors' attention and placed the asset among the most talked-about on the market today.
Other cryptos also advanced: ZEC rose 18%, surpassing $260, while ASTER and TAO gained 11% and 10%, respectively. Among the largest cryptocurrencies, Ethereum (ETH) rose 4,7%, Solana (SOL) rose 5%, and assets like DOGE, TRX, ADA, XLM, and BCH gained around 3%. XMR gained 7,5%, and HYPE increased 5,5%.
The total value of the cryptocurrency market has grown by about $100 billion since its previous low, reaching $3,96 trillion, driven mainly by the COAI surge and the return of risk appetite among investors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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