Citi Lowers Bitcoin to $82,000 and Ethereum to $2,240 Amid Negative ETF Flows

BTC1.70%
ETH0.59%
According to Reuters, Citi has slashed its 12-month price targets for Bitcoin and Ethereum, reflecting negative ETF flows and stalled U.S. crypto legislation. Bitcoin's target dropped to $82,000 from $112,000, while Ether's forecast was trimmed to $2,240 from $3,175. The brokerage cited $3.3 billion in Bitcoin ETF outflows so far this year and lowered expected ETF inflows to zero from $10 billion over the next 12 months.
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