Citi has slashed its 12-month price targets for the top two crypto assets, Bitcoin and Ethereum.
The cuts reflect negative ETF flows and stalled U.S. crypto legislation, reports Reuters.
Bitcoin’s target dropped to $82,000 from $112,000.
Ether’s forecast was trimmed to $2,240 from $3,175.
Bitcoin ETF flows are down about $3.3 billion so far this year, and the brokerage has now lowered expected ETF inflows to zero from $10 billion over the next year.
Citigroup also cites potential selling by treasury companies and a rotation into AI-related assets as headwinds for the crypto market.
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​ Citi has slashed its 12-month price targets for the top two crypto assets, Bitcoin and Ethereum. The cuts reflect negative ETF flows and stalled U.S. crypto legislation, reports Reuters. Bitcoin’s target dropped to $82,000 from $112,000. Ether’s forecast was trimmed to $2,240 from $3,175. Bitcoin ETF flows are down about $3.3 billion so far this
The post Citi Lowers Bitcoin and Ethereum Price Targets Amid Negative ETF Flows appeared first on The Daily Hodl. Bitcoin, Ethereum, BTC, Citi, ETH, Forecast, News, PriceÂ
This articles is written by : Nermeen Nabil Khear Abdelmalak
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