Citi just raised its Bitcoin price target to $113,000. đŻ
A major Wall Street bank naming a six-figure target is a real signal, not hype.
Here's the backdrop:
đ $BTC is testing $85,000, up 1.2% in 24 hours, with the Fear & Greed Index at 72 ("Greed")
đ° Citi's call is built on renewed ETF demand, even after ETFs just broke their inflow streak with $148.7M in outflows
đïž The SEC proposed new crypto custody rules for investment advisers and funds, one of Commissioner Hester Peirce's final moves before she exits this week
đžđ» The IMF released $139M to El Salvador after waiving its Bitcoin accumulation breach
Not everything is clean, crypto lost $1.26 billion to hacks this quarter even as Bitcoin had a monster run overall. But the institutional case keeps getting louder.
$113K by when? Citi didn't give a firm date, so the timeline is the real question. What's your target? đ
#Bitcoin #Citi #BTC #CryptoNews
A major Wall Street bank naming a six-figure target is a real signal, not hype.
Here's the backdrop:
đ $BTC is testing $85,000, up 1.2% in 24 hours, with the Fear & Greed Index at 72 ("Greed")
đ° Citi's call is built on renewed ETF demand, even after ETFs just broke their inflow streak with $148.7M in outflows
đïž The SEC proposed new crypto custody rules for investment advisers and funds, one of Commissioner Hester Peirce's final moves before she exits this week
đžđ» The IMF released $139M to El Salvador after waiving its Bitcoin accumulation breach
Not everything is clean, crypto lost $1.26 billion to hacks this quarter even as Bitcoin had a monster run overall. But the institutional case keeps getting louder.
$113K by when? Citi didn't give a firm date, so the timeline is the real question. What's your target? đ
#Bitcoin #Citi #BTC #CryptoNews