Crypto HeadlinesCitigroup Raises Bitcoin Forecast to $113,000
Citigroup has raised its Bitcoin forecast by 38%, expecting growth to $113,000 over the next 12 months. The previous target level was $82,000.
Key growth drivers include the return of inflows into ETFs, favorable macroeconomic conditions, and increased activity in the cryptocurrency market.
The failure of the CLARITY Act bill in the Senate complicated market structure formation, but subsequent SEC initiatives partially smoothed out negative investor sentiment.
Bank analysts also revised their Ethereum forecast, raising it from $2,240 to $3,028 for a similar planning horizon.
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