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Citi Sees Bitcoin at $113,000 as Bitwise Dismisses CLARITY Setback

Original: Bitcoin to $113,000? Citi Turns Bullish as Bitwise Shrugs Off CLARITY Failure

Citigroup has turned bullish on bitcoin, setting a price target of $113,000, while asset manager Bitwise dismissed the failure of the CLARITY Act, a US bill aimed at establishing a crypto regulatory framework. The analysts' optimism suggests institutional confidence in bitcoin is holding up despite the legislative setback in Congress.

Why now: A major bank issuing a bullish bitcoin price target amid regulatory disappointment gives traders fresh direction.

BitcoinCitigroupBitwiseCLARITY Act

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• Bitcoin to $113,000? Citi Turns Bullish as Bitwise Shrugs Off CLARITY Failure · Benzinga

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