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Crypto

Citi Raises Bitcoin, Ether Price Targets Amid Strong Crypto Activity

Guavy AI Editorial Team
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BTC
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Citigroup (Citi) has increased its price forecasts for Bitcoin and Ether due to stronger crypto activity, a supportive macroeconomic environment, and a resumption of Exchange-Traded Fund (ETF) inflows.

The brokerage raised its 12-month target for Bitcoin to $113,000 from $82,000 and for Ether to $3,028 from $2,240.

Citi attributes the increase in crypto inflows to advisers and brokerages gradually increasing allocations to Bitcoin. The firm forecasts $5 billion of inflows over the next 12 months.

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