By Rashika Singh
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 (=BTC) implies a roughly 12% upside from its trading level of $118,747.48, as of 0530 GMT. For ether (=ETH), the target is $4,500, implying a nearly 3% upside from its level of $4,375.