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Citi Boosts BTC, ETH Price Targets Amid Strong Institutional Demand

Guavy AI Editorial Team
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Citi has updated its institutional price targets for Bitcoin and Ethereum, citing strong on-chain velocity, low inflation figures, and accelerating institutional accumulation.

The bank now predicts a $113,000 target for BTC and $3,028 for ETH over the next 12 months. This represents a revision to its previous targets, although the exact size of the changes is not specified in the report.

Citi attributes the updated outlook to several factors, including strong on-chain velocity and low inflation figures. The bank also notes that accelerating institutional accumulation is contributing to the revised price targets.

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