Citi slashes 12-month bitcoin, ether targets as ETF flows dry up
CoinDesk·
60-second summary
Citi slashes 12-month bitcoin and ether price targets, citing stalled U.S. crypto legislation and weak investor demand. The bank cuts its targets, but specific numbers are not disclosed. This move reflects the current market uncertainty and lack of regulatory clarity, which is affecting investor confidence and potentially slowing down the growth of the crypto market.
The bank cut its 12-month bitcoin and ether price targets after scrapping its ETF inflow forecasts, citing stalled U.S. crypto legislation and weak investor demand.