Citi Raises 12-Month Bitcoin Target to $113K, Ether to $3,028Citigroup raised its 12-month price...

Citi Raises 12-Month Bitcoin Target to $113K, Ether to $3,028Citigroup raised its 12-month price targets for Bitcoin and Ether, lifting Bitcoin to $113,000 from $82,000 and Ether to $3,028 from $2,240, according to Reuters. Citi cited accelerating crypto market activity, a favorable macroeconomic environment, and resuming ETF inflows—projecting approximately $5 billion in net ETF inflows over the coming 12 months.The bank noted that while the US Senate’s failure last week to advance The Clarity Act narrowed the legislative pathway for a comprehensive market structure framework, subsequent regulatory clarifications by the SEC helped curb negative market sentiment. Additionally, Bitcoin and Ether have rebounded nearly 40% and 68% over the past three months, supported by recent US Treasury buybacks of longer-dated bonds that weakened the dollar and rekindled upward momentum across digital assets.

Source: Wu Blockchain