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Citi lifts ether outlook, trims bitcoin view as investor flows shift
Citigroup raised its year-end outlook for ether and slightly trimmed its view on bitcoin, citing shifting investor flows and macroeconomic crosscurrents. Investors are increasingly favouring the yield-generating ether over bitcoin, the world's largest cryptocurrency, which relies solely on price appreciation. The Wall Street brokerage's target of $133,000 for bitcoin implies a roughly 12 per cent upside from its trading level of $118,747.48, as of 0530 GMT. For ether, the target is $4,500, implying a nearly 3 per cent upside from its level of $4,375. Citi sees continued upside next year, with a 12-month target of ... (full story)
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