Citigroup Boosts Bitcoin, Ethereum Price Targets by Over 35%

Citigroup has increased its price targets for Bitcoin and Ethereum by over 35% in recent months.

The new targets are set at $113,000 for Bitcoin and $3,028 for Ethereum, a significant hike from previous predictions.

This change in stance comes just months after Citigroup slashed its targets due to 'low appetite', suggesting that the bank's views on cryptocurrency prices can shift rapidly.

The move has led some to question whether major banks are leading the market or simply chasing it, and whether their forecasts should be taken seriously by investors.