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Citigroup raises Bitcoin forecast to $113,000 amid renewed crypto interest

Citigroup has significantly increased its 12-month price forecast for Bitcoin, projecting it to reach $113,000, up from a previous estimate of $82,000. The investment bank also raised its target for Ethereum to $3,028. These upward revisions are attributed to renewed interest in cryptocurrencies, positive market sentiment, and anticipated substantial inflows into crypto-backed exchange-traded funds. AI

RANK_REASON The cluster contains an analyst's price forecast for cryptocurrencies, not a direct release or significant industry event.

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Citigroup raises Bitcoin forecast to $113,000 amid renewed crypto interest

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The cluster contains an analyst's price forecast for cryptocurrencies, not a direct release or significant industry event.
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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Camila Grigera Naón ·

    Citigroup raises one year Bitcoin forecast to $113,000

    A new report from the investment bank says renewed investor demand could lift crypto prices.