Citi Slashes Bitcoin and Ethereum Price Targets as U.S. Crypto Legislation Stalls

TLDR: Citi lowered its Bitcoin 12-month base case to $112,000, a $31,000 cut from its prior $143,000 forecast. Ethereum’s revised base case now stands at $3,175, reflecting a $1,129 drop from Citi’s earlier projection. Stalled U.S. crypto legislation and softening ETF inflows are the two key reasons behind the target revision. Citi’s Bitcoin bear case [...]

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