Citi cuts crypto price targets amid US legislative delays
Citigroup reduced its 12-month forecasts for bitcoin and ethereum due to stalled US legislation. Analysts cited a narrowing window for regulatory catalysts.
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Citigroup Inc. has lowered its 12-month price targets for bitcoin and ether, citing a stalled legislative process in the United States that has limited the potential for regulatory catalysts. The financial institution reduced its bitcoin forecast to $112,000 from a previous estimate of $143,000, while its projection for ether was cut to $3,175 from $4,304.
