[Citigroup Raises 12-Month Price Targets for Bitcoin and Ethereum to $113,000 and $3,028] BlockBeats News, October 1, according to Reuters, Citigroup has raised its 12-month price forecasts for Bitcoin and Ethereum, citing factors such as increased activity in the crypto market, a supportive macroeconomic environment, and the resumption of ETF fund inflows. Citigroup raised Bitcoin's 12-month price target from $82,000 to $113,000 and Ethereum's price target from $2,240 to $3,028. In a report released on Wednesday, Citigroup stated that it expects capital inflows into the crypto market to resume, though at a slower and more stable pace compared to before. With investment advisory firms and brokerages gradually increasing Bitcoin allocations, inflows are expected to continue. Citigroup estimates that $5 billion will flow into the crypto market over the next 12 months. Last week, the U.S. Senate failed to advance the CLARITY Act. The bill, which aims to establish a regulatory framework for digital assets, faced setbacks, posing certain challenges to the broader crypto industry. Meanwhile, the recent repurchase of long-term U.S. Treasury bonds by the U.S. Treasury Department has led to a weakening of the dollar, reigniting upward momentum in the crypto market. [Original Link]