Citigroup raises 12-month Bitcoin target to $113K and Ether to $3,028, citing accelerating crypto activity, favorable macro conditions, and projected $5B in ETF inflows.
Macro & Markets ·
Citigroup lifted its 12-month Bitcoin target to $113,000 from $82,000 and Ether target to $3,028 from $2,240, citing accelerating crypto activity, favorable macro conditions, and an expected $5 billion in net ETF inflows over the next year. Bitcoin and Ether have climbed nearly 40% and 68% respectively over the past three months, buoyed by US Treasury bond buybacks that weakened the dollar. While the Senate's failure to advance The Clarity Act limited legislative progress on market structure, subsequent SEC regulatory clarifications helped stabilize sentiment.