Citigroup Lowers BTC and ETH Expectations: One-Year Price Targets Cut to $112,000 and $3,175

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ChainCatcher reports that, according to market sources, Citigroup has lowered its 12-month price forecasts for Bitcoin and Ethereum due to delays in the U.S. cryptocurrency market structure legislation, the “CLARITY Act.” The target price for Bitcoin has been reduced from $143,000 to $112,000, and Ethereum from $4,304 to $3,175. ETF demand forecasts have also been revised downward, with Bitcoin at $10 billion and Ethereum at $2.5 billion.

Citigroup research head Alex Sanders stated that regulatory progress will impact Bitcoin adoption and capital inflows, but the likelihood of legislation being passed within this year has significantly decreased.

BTC-0.83%
ETH-0.78%
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