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Citi Raises 12-Month Bitcoin Target to $113,000 and Ether to $3,028

The revised targets rise from $82,000 for Bitcoin and $2,240 for Ether. Citi also projects about $5 billion in crypto ETF inflows over the next year.

By Enna Lee
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Two unmarked metal coins rest side by side on a stone plinth / TokenPost.ai
Two unmarked metal coins rest side by side on a stone plinth / TokenPost.ai

Citi lifted its 12-month price targets for Bitcoin and Ether, while projecting about $5 billion in cryptocurrency ETF inflows over the coming year.

The bank raised its Bitcoin (BTC) target to $113,000 from $82,000. Its target for Ether (ETH) increased to $3,028 from $2,240.

Citi cited a recovery in market interest, a weaker U.S. dollar and U.S. Treasury buybacks of long-term debt as factors that may support digital asset prices.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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