Citi Raises Bitcoin Target to $113,000 as Crypto Risks and Institutional Products Expand

  • Citi raised its 12-month Bitcoin target to $113,000 and projected $5 billion in inflows.
  • NEAR Intents disclosed a $3.8 million exploit involving its Omni infrastructure.
  • Zano rewound its blockchain 30 days after more than $200 million in illicit minting.

Citi raised its 12-month Bitcoin target to $113,000 and projected $5 billion in crypto fund inflows as advisers gradually increase allocations. The bank also cited a $3,028 Ether target, while analyst Alex Saunders pointed to favorable market activity, macroeconomic conditions and ETF flows. The broader outlook comes as crypto infrastructure faces fresh stress: NEAR Intents disclosed an estimated $3.8 million exploit tied to its Omni deposit and withdrawal infrastructure, and Zano rewound its blockchain by 30 days after more than $200 million in illicit tokens were minted. Bitwise launched a U.S.-listed NEAR ETF offering spot exposure and roughly 5% staking yield. The TRUMP memecoin team also revived a gala with 185 seats and VIP gold watches for President Donald Trump, although the token was trading around $2, down 97% from its all-time high.

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