Crypto Market Sees Major Developments: Bitcoin ETFs Record Net Outflows, Citi Raises Ethereum Target
Bitcoin spot ETFs recorded significant net outflows of USD 148.69 million yesterday, led by Fidelity's FBTC with a daily net outflow of USD 125.58 million. This is according to SoSoValue.
Citi raised its 12-month Ethereum target to USD 3,028 from USD 2,240 and increased its Bitcoin target to USD 113,000. The bank cited stronger crypto-market activity, improving macro conditions, and renewed ETF demand in its latest Bitcoin and Ether forecast.
Polygon has launched a new feature called 'crypto checkout' within its Open Money Stack. This allows merchants to accept cryptocurrency payments alongside traditional payment methods.