Citi raised its 12-month Bitcoin price target from $82,000 to $113,000 on October 1, an increase of approximately 37.8%. The bank projects $5 billion in crypto inflows over the next 12 months. Bitcoin rose nearly 40% over the three months through October 1, narrowing its year-to-date loss to about 4%. Citi expects inflows to resume gradually as advisers and brokerages raise Bitcoin allocations, rather than surge at once. The bank also raised its Ether forecast to $3,028 from $2,240.
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