Citi raises bitcoin, ether forecasts on strong crypto activity

Citigroup raised its 12-month forecasts ​for bitcoin and ether, ​citing stronger crypto activity, a ‌supportive ​macroeconomic backdrop and a resumption of ETF inflows.

The brokerage increased its target for bitcoin ‌to $113,000 from $82,000 and for ether to $3,028 from $2,240.