Crypto execs say the bull run is underway and could lead to $100,000 bitcoin in 2024

Executives in the cryptocurrency industry called the start of a new bull run with a growing number of voices calling for fresh all-time highs for bitcoin in 2024 above $100,000.

Bitcoin has rallied more than 120% this year, with many optimistic about the surge continuing into 2024.

“It feels that [2023]was a year to get ready for the bull run that is yet to come. But the sentiment is very hopeful for [2024] and 25,” Pascal Gauthier, CEO of Ledger, told CNBC last week in an interview.

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– Arjun Kharpal

MON, DEC 4 20238:47 AM EST

Afternoon biggest movers: Nokia down 6%, UCB up 5%

Nokia shares slipped 6% by mid-afternoon on rumors that AT&T may remove the Finnish mobile network provider from its vendor list. The rumor was seemingly sparked by a LinkedIn post from EJL Wireless Research President Earl Lum.

At the top of the Stoxx 600, Belgian pharmaceutical company UCB climbed more than 5% after the European Commission approved its new Zilbrysq drug for adults with generalized myasthenia gravis, an autoimmune disorder.

– Elliot Smith