With Bitcoin (CRYPTO: BTC) currently trading near an 18-month high of $44,000, it's perhaps no surprise that a number of analysts and investors are now rushing to put out higher price targets for Bitcoin. The growing consensus is that Bitcoin could be on a trajectory to hit $100,000 next year. As a result, top executives from within the crypto industry are now chiming in on Bitcoin's prospects for 2024, with many convinced Bitcoin could more than double in value within just 12 months.
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November was an amazing month for the stock market, which managed to claw back its losses from the previous couple of months. Over the weekend, Bitcoin climbed to its best levels in more than a year and a half, briefly moving above $42,000. Below, we'll look at why Coinbase Global (NASDAQ: COIN) and MicroStrategy (NASDAQ: MSTR) made big moves higher in premarket trading on Monday morning.