Oct 1 : Citigroup raised its 12-month forecasts for bitcoin and ether, citing stronger crypto activity, a supportive macroeconomic backdrop and a resumption of ETF inflows.

The brokerage increased its target for bitcoin to $113,000 from $82,000 and for ether to $3,028 from $2,240.

• Citi said in a note dated Wednesday that it expects crypto inflows to resume at a slower but steadier pace as advisers and brokerages gradually increase allocations to bitcoin

• The brokerage also forecast $5 billion of inflows over the next 12 months

• The US Senate last week failed to advance The Clarity Act, aimed at creating a regulatory framework for digital assets, in a setback for the broader industry

• “The Clarity Act’s failure narrowed the…