Citigroup Raises Bitcoin (BTC) Target to $113,000 on ETF Inflow Rebound

Citigroup has raised its 12-month Bitcoin (BTC) price target to $113,000 from $82,000 and lifted its Ether target to $3,028 from $2,240 in a research note dated October 1. The bank cited the restart of ETF inflows and an improving macroeconomic backdrop as key drivers for the upgrade.

Measured against spot prices, the revised targets reflect a significant shift in the bank's outlook on digital assets. The update comes amid a rebound in exchange-traded fund activity, which has provided renewed momentum to the crypto market.

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