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🚀 Citigroup Lowers Bitcoin and Ethereum Price Forecasts, Takes More Pessimistic View of Crypto Market
🟢 Includes: New Forecasts: BTC ~$112,000 (down from $143,000), ETH ~$3,175 (down from $4,304)
🟢 Reasons: U.S. Crypto Legislation Delayed, ETF Inflows Declining, and Weak On-Chain Activity
🟢 Note: Downside Scenario: BTC Could Fall to ~$58,000, ETH ~$1,198 if Economic Recession Occurs
🟢 Impact: Market Sentiment More Cautious, Prices Trending Sideways and Dependent on Policy
🟢 Summary: Citi Reduces Crypto Growth Expectations Due to Lack of Regulatory Momentum, Indicating Short-Term Market Still Lacks Clear Strong Uptrend