Crypto bulls set sights on $100K BTC as FIL, BSV, TON soar

The crypto market continues to trend bullish despite a dip for altcoins in the past 48 hours.

But as alts eye the next leg up, the flagship asset Bitcoin (BTC) is already on what looks like an unstoppable dash past $100k.

Here’s what happened in the crypto market during the Asian trading hours on November 21.

BTC hits $97k; Is $100k today possible?

The benchmark cypto asset BTC has been on an uptrend since November 5, when Donald Trump secured a historic re-election by defeating Kamala Harris.

After eclipsing its 2021 peak amid the jubilation, Bitcoin has gone on to break above $90,000.

On the way up, its market cap has surpassed that of major companies such as Meta, Tesla, Saudi Aramco and Amazon.

The spike above $94k pushed Bitcoin’s market cap above that of precious metal Silver.

On Thursday, BTC/USD shot past $97k to hit highs of $97,836.

Analysts expected the cryptocurrency to continue higher and could eclipse the $100k level within the coming days.

One analyst says it could be in the next 24 hours.

Ali

@ali_charts

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#Bitcoin $BTC could reach $100,000 today as it appears to be breaking out of a bull flag on the lower timeframes.

12:14 pm · 21 Nov 2024

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Bitcoin currently has a market cap of $1.9 trillion and is up 43% in the past 30 days.

Meanwhile, the global crypto market capitalization reached $3.3 trillion, with 24-hour volume at $259 billion.

Floki price jumps amid major news

FLOKI is one of the top gainers in the market today.

While the meme coin hasn’t exploded as have tokens outside of the top 100 by market cap, it’s up 5% and double-digits in the past week.

Invezz has highlighted the FLOKI price outlook.

Some key catalysts include the meme coin’s listing on Coinbase and the upcoming Valhalla game launch.

FLOKI price hit $0.000288, its highest level since June.

Bithumb lists Toncoin (TON)

Toncoin (TON) dropped out of the top 10 cryptocurrencies by market cap as Cardano and Dogecoin soared.

However, the TON network token is looking to bounce.

On November 21, South Korea’s second-largest cryptocurrency exchange Bithumb announced the listing of TON against the Korean won.

The announcement helped Toncoin price higher, with the altcoin seeing a 61% spike in trading volume to over $565 million. 

A slight 3% upside comes ahead of trading for TON/KRW opening at 8 pm local time on November 21.

Bitcoin Cash and Bitcoin SV surge 17% and 10% respectively

BCH and BSV are two coins forked from Bitcoin.

The prices of Bitcoin Cash and Bitcoin SV have mirrored that of BTC in recent months, with BCH seeing the most upside whenever Bitcoin spikes. 

According to CoinGecko data, BCH rose to intraday highs of $533 during the Asian trading hours. BSV/USD also rose sharply to hit $78.

Filecoin (FIL) price retests key area

FIL is another coin to hint at a potential price breakout.

The altcoin’s upward trajectory cooled around $4.84 on November 17, with sellers pushing to lows of $4.10.

However, Filecoin price has recovered to the $4.50 area and could target a psychological return to the key resistance zone above $6.

On the flipside, a decline to support at $3 where sideways action lingered for four months before this month’s breakout, is possible.

Filecoin and Gitcoin’s recent announcement of a collaboration on a pilot for public goods funding is a notable development.