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Citi Cuts Bitcoin and Ethereum Price Targets on Weak ETF Flows
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Citi has lowered its 12-month price targets for Bitcoin and Ether, cutting its Bitcoin forecast from $112,000 to $82,000 and its Ether target from $3,175 to $2,240. The bank also reduced its projected net inflows into U.S. crypto ETFs over the next year from $10 billion to zero, citing persistent ETF outflows, slow progress on U.S. crypto legislation, and concerns that digital asset treasury companies could increase Bitcoin selling. Investors will watch whether ETF demand and regulatory developments improve market sentiment.
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