Citigroup Boosts Bitcoin Forecast to $113,000 Amid ETF Inflows

Citigroup has raised its forecast for Bitcoin's price over the next 12 months to $113,000 and Ether to $3,028.

The bank cited stronger crypto activity, a more supportive macroeconomic backdrop, and renewed demand through exchange-traded funds as reasons for the increase.

Citi initially reduced its forecasts in July, cutting Bitcoin's target from $112,000 to $82,000 and lowering its Ether forecast to $2,240 from $3,175.

However, with ETF inflows returning, Citi expects $5 billion in crypto inflows over the next year, with advisers and brokerages gradually increasing their Bitcoin allocations.