Following a long-term slump, Bitcoin has been on a roll in recent weeks—a trend that is likely to continue, according to Citigroup, which on Thursday raised its 12-month Bitcoin price target to $113,000 from $82,000. The investment bank said the upward pressure would be driven by renewed interest in cryptocurrencies and more favorable market sentiment.
Ethereum is also poised for gains, with Citigroup marking up its future target for the second-largest cryptocurrency’s price from $2,240 to $3,028.
