Citigroup Raises Bitcoin Price Forecast to $113,000 for the Next 12 Months
Citigroup raised its 12-month price target for Bitcoin to $113,000 on Thursday, up from a previous forecast of $82,000. The bank also lifted its forecast for Ethereum, the second-largest cryptocurrency, to $3,028 from $2,240. The revised targets follow weeks of recovery in cryptocurrency markets after a prolonged slump. Bitcoin had reached a high of…