Grab EXTRA 10% OFF all Tangem products. Till Oct 25Citi raises bitcoin and ether targets on ETF inflows
6.7 Markets Citigroup raised its 12-month targets for bitcoin to $113,000 and ether to $3,028, citing renewed ETF inflows, favorable macro conditions, and steady institutional participation.
Citigroup has increased its 12-month price targets for bitcoin and ether, now projecting bitcoin at $113,000 (up from $82,000) and ether at $3,028 (up from $2,240). These upgrades are driven by renewed inflows into exchange-traded funds (ETFs), supportive macroeconomic conditions, and heightened market activity. Citi anticipates that cryptocurrency investment products could attract $5 billion in inflows over the next year, as advisers and brokerages gradually boost their allocations. The bank notes that bitcoin and ether have surged in recent months, with bitcoin up nearly 40% and ether up 68% in the last quarter. Despite the U.S. Senate's failure to advance the Clarity Act, which aimed to establish a regulatory framework for digital assets, positive signals from the SEC and Treasury bond buybacks have helped improve market sentiment. Citi emphasizes that steady institutional participation could continue to support crypto prices, though risks remain if bond yields stay high or ETF demand weakens.
