Citibank lowers BTC and ETH target prices to 112,000 USD and 3,175 USD respectively over the next 12 months.

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Odaily Planet Daily News: Citigroup has lowered its 12-month target price for Bitcoin from $143,000 to $112,000 and for Ethereum from $4,304 to $3,175. The bank cited factors such as stalled US crypto legislation progress, declining ETF capital inflows, and weak on-chain activity as the main reasons for this adjustment. The current market trend remains highly dependent on US regulatory developments. Although the CLARITY Act has passed the House of Representatives, progress in the Senate has been blocked, and legislative uncertainty continues to restrict institutional investment. Citigroup also stated that despite recent resilient ETF capital inflows, it has lowered its 12-month capital inflow expectations for Bitcoin to $10 billion and for Ethereum to $2.5 billion. However, the bank noted that in an optimistic scenario, Bitcoin could reach $165,000 and Ethereum $4,488. (CoinDesk)

BTC0.34%
ETH-0.61%
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