Citigroup Predicts Slower Yet Steadier Crypto Inflows

Citigroup has reportedly hiked its 12-month forecasts for bitcoin and ether as cryptocurrency activity picks up. The brokerage raised its target for bitcoin from $82,000 to $113,000, and its forecast for ether from $2,240 to $3,028, Reuters reported Thursday (Oct. That note said the bank anticipates that crypto inflows will resume at a slower but steadier rate as advisers and brokerages gradually up their allocations to bitcoin.