Bitcoin's (BTC) 33% rally since mid-August spurred investors and on-chain analysts, but also, as it turned out by October 1, major banks to take a more bullish stance toward the cryptocurrency market.
Bitcoin BTC$83,784.92 closed the third quarter up 40%, outrunning every major asset even as Treasury yields climbed to their highest in more than two decades. Investors poured billions of dollars into exchange-traded funds tied to BTC and other tokens, and several altcoins rallied even harder, leaving analysts convinced a new bull run has arrived.
Citi raises its Bitcoin price target to $113,000 as ETF inflows recover and market conditions support a stronger crypto outlook.
Prices briefly topped $85,000 on Wednesday after weaker-than-expected U.S. inflation cooled bets on Fed rate hikes, But bulls couldn't hold the move and spot ETFs didn't help.
The fund also holds 100 million USDT, and its wallet address is public for on-chain verification.
U.S. spot Bitcoin ETFs recorded $2.65 billion in September net inflows, then saw $148.69 million in outflows on Sept. 30.
The macro analyst described AI agents as a potential catalyst for Bitcoin and a way to help traditional institutions allocate some of their assets to crypto.
After Bitcoin (BTC) closed September 2026 in a bullish outlook, up over 6%, Finbold's Artificial Intelligence (AI) Agent expects the flagship cryptocurrency to maintain its uptrend momentum by October 31.
Crypto rallied after the Clarity Act failed in the Senate. Bitwise CIO Matt Hougan explains how stablecoins, exchanges and tokenized stocks benefited.
Citi also raised its 12-month target for ether from from $2,240 to $3,028.
Bitcoin trades near $84,000 after beating stocks and gold in September, with traders watching $85,513 resistance and $81,602 support.
STX is the other massive gainer out of the largest 100 alts.