Citi’s bullish Coinbase target: ‘Buy crypto’s general store’

Financial services multinational Citi initiated coverage of U.S. crypto exchange Coinbase’s stock this week with a very bullish price target.
Citi analyst Peter Christiansen told investors that they could “buy crypto’s general store,” in a research note published on Tuesday, Oct. 26.

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Banks cautious about crypto ahead of COVID-19 testimony before US Senate

Major Wall Street bank executives will appear before the United States Senate Banking Committee on Wednesday to discuss the role of their financial institutions in the recovery of the American economy.

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Thanks Bitcoin, MicroStrategy stock is up 113% since being downgraded by Citigroup

On Dec. 8, 2020, Citigroup, one of the largest banks in the world, downgraded MicroStrategy’ss stock (MSTR). Since then, MSTR stock is up 113.27% from $289.45 to $617.31, as the price of Bitcoin (BTC) rallied.
In the same period, the Citigroup stock has declined slightly by 0.63%, from $58.

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Citi downgrades MicroStrategy stock after bold Bitcoin bet

Shares of MicroStrategy fell on Tuesday after Citibank reportedly downgraded the business intelligence firm over its “disproportionate” Bitcoin focus. 
Citi analyst Tyler Radke issued a “sell” rating on MSTR shortly after the company announced it was raising more money to buy Bitcoin (BTC).

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Stripe will offer bank accounts, with help from Goldman Sachs and Citi

Online payments giant and Cash App owner Stripe is stepping into a new realm of financial services for vendors.
Per a Wall Street Journal exclusive on Thursday, Stripe is looking to offer customers bank accounts and debit cards.

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Citibank analyst makes tentative $318K Bitcoin prediction for December 2021

A recent Bitcoin (BTC) technical analysis prepared by CitiFX for its institutional clients points to a potential high of $318,000 sometime in December 2021.
As highlighted by Twitter commentator Alex on Nov. 14, the exact figure is of little value over such a long time frame.

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