Citigroup raises Bitcoin target as ETF flows resume
Citigroup raised its 12-month target for Bitcoin to $113,000, according to a CoinDesk headline, alongside the resumption of flows to ETF funds. Citi also raised its Ether target for the same period from $2,240 to $3,028.
• The adjustment to targets reflects the bank’s expectations, not guaranteed future prices.
• The source indicates a return of ETF fund flows, without specifying their volume.
💧 Impact on the market and liquidity: The resumption of ETF fund flows may support demand for Bitcoin, but the available information is insufficient to estimate the impact on liquidity or prices.
🎯 Most affected: Bitcoin, Ether, ETF funds
Source: CoinDesk
$BTC #Bitcoin $ETH #Ethereum #Crypto #ETF
Citigroup raised its 12-month target for Bitcoin to $113,000, according to a CoinDesk headline, alongside the resumption of flows to ETF funds. Citi also raised its Ether target for the same period from $2,240 to $3,028.
• The adjustment to targets reflects the bank’s expectations, not guaranteed future prices.
• The source indicates a return of ETF fund flows, without specifying their volume.
💧 Impact on the market and liquidity: The resumption of ETF fund flows may support demand for Bitcoin, but the available information is insufficient to estimate the impact on liquidity or prices.
🎯 Most affected: Bitcoin, Ether, ETF funds
Source: CoinDesk
$BTC #Bitcoin $ETH #Ethereum #Crypto #ETF