Markets· ★★★· bullish·

Citi raises Bitcoin and Ether targets, names Galaxy Digital a rebound beneficiary

  • —Citi raised its BTC target to $113,000 from $82,000 and its ETH target to $3,028 from $2,240
  • —Bitcoin gained about 40% and Ether about 68% over the prior three months
  • —US spot crypto ETFs drew roughly $800 million in net inflows by late September
  • —Citi projects up to $5 billion of inflows from advisors and brokerages over 12 months
Why it matters: Citi's higher BTC and ETH targets and its ETF inflow forecast reinforce expectations of institutional demand for crypto.
#BTC#ETH
Source: Crypto Briefing
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