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City Boosts Bitcoin and Ethereum Goals
Citigroup has raised its price forecasts for both Bitcoin and Ethereum over the next twelve months, citing increased activity in cryptocurrencies and favorable economic conditions, along with an expected inflow of $5 billion into the digital asset market. The target price for Bitcoin has been increased from $82,000 to $113,000, and for Ethereum from $2,240 to $3,028, representing an approximate rise of 37.8%. The bank also anticipates that capital inflows will gradually resume, contributing to a market recovery, though at a slow pace, with steady investments rather than a sudden surge.
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