Citi Raises Bitcoin Forecast to $113K, Ethereum to $3,028 on ETF Inflows
Citigroup has raised its 12-month price targets for Bitcoin (BTC) to $113,000 and for Ethereum (ETH) to $3,028. The bank cited stronger crypto market activity, a more supportive macroeconomic backdrop, and a resumption of exchange-traded fund inflows as key factors.
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11:32:05 AM UTC
SquawkNews
Citi boosts its 12-month bitcoin target price to $113,000 from $82,000 as debasement fears return to markets. Renewed investor concern that high government deficits could erode the value of fiat currencies is one reason behind the shift in thinking. Regulatory clarity is another. "Paradoxically, th…
Bitcoin (BTC) and Ethereum (ETH) edged higher in early morning trade on Thursday, with Citigroup raising its 12-month price targets for both leading cryptocurrencies, pointing to stronger crypto market activity, a more supportive macroeconomic backdrop and a resumption of exchange-traded fund inflo…