Bitcoin Blasts Past $88,000 as Citigroup Sees $113,000 Target

Bitcoin has surged past the $88,000 mark, gaining almost 2% in the past 24 hours as the crypto market experiences a significant upswing.

A disappointing September jobs report released yesterday showed a surprisingly low 29,000 new jobs, with unemployment at 4.2% and a downward revision of 29,000 jobs for August.

Citigroup has lifted its 12-month Bitcoin target to $113,000 and Ether target to $3,028, while also projecting an additional $5 billion in crypto inflows.