Citi Raises 12-Month Price Targets for Bitcoin and Ethereum

Citigroup (花旗集团) has increased its 12-month price targets for Bitcoin and Ethereum, raising BTC to $113,000 from $82,000 and ETH to $3,028 from $2,240. In a report released Wednesday, the bank projected $5 billion in inflows into the crypto market over the next year as financial advisors and brokerages increase their allocations. The report also noted that the recent weakening of the U.S. dollar following Treasury buybacks has bolstered crypto momentum, despite the U.S. Senate's failure to advance the CLARITY Act (US digital-asset market-structure bill) last week.