Crypto
Citi Doubles Bitcoin Target to $113K, Predicts ETF Surge
Citi, analysts predict that exchange-traded funds (ETFs) will bring in around $5 billion in new capital, has revised its price target for Bitcoin to $113,000. The bank expects Ethereum's price to surpass $3,000.
The prediction comes as the S&P 500 futures contract continues to rise and US bonds see a gain in value, while the dollar's four-day surge ends.
The financial markets are focused on today's release of the US employment report, with Brent crude oil falling to $100. The Eurozone inflation rate has hit its highest level in three years.