Citi also raised its 12-month target for ether from from $2,240 to $3,028. Citigroup raised its 12-month bitcoin forecast to $113,000 from $82,000 and its ether target to $3,028 from $2,240, citing renewed exchange-traded fund inflows and favorable economic conditions. Citi expects cryptocurrency investment products to attract $5 billion over the next year as advisers and brokerages gradually increase bitcoin allocations. Bitcoin rose more than 10 percent after the Senate rejected the Clarity A…
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