Crypto
Citigroup Ups Bitcoin Forecast to $113K Amid ETF Inflows and Regulatory Moves
Citi has raised its 12-month Bitcoin price forecast to $113,000 from $82,000.
The bank cited stronger crypto activity and a return of ETF inflows as reasons for the increase.
In addition to raising its Bitcoin target, Citigroup also increased its ether prediction to $3,028 from $2,240.
The Clarity Act, a bill aimed at creating a regulatory framework for digital assets, failed in the U.S. Senate last week.
Citi said this setback was softened by fresh moves from regulators.