Bitcoin rises 43% in Q3, Citi predicts $113K

Bitcoin prices increased by approximately 43% during the third quarter of the year, recording the best quarterly performance since Trump’s re-election in 2024. The price rose from a low of about $62,000 in July to around $86,000 before easing slightly. Citigroup has raised its price forecast to $113,000 within 12 months, supported by increased activity in the cryptocurrency market and an improved economic environment, with expected inflows of $5 billion into the market over the next year. Despite the strong performance, risks remain, as the derivatives market experienced widespread liquidations and a 20% decline in open contracts. While short-term bullish outlooks continue, there are warnings about potential future volatility.

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