Citigroup Lowers Price Targets for Bitcoin and Ether Amid Slowing Legislative Momentum

Citigroup has made significant adjustments to its price targets for both Bitcoin and Ether in light of recent market trends. According to the bank's analysis, slower legislative momentum in the US, softer network activity, and reduced expectations for ETF inflows have contributed to these changes.

The revised 12-month price targets for Bitcoin and Ether are $112,000 and $3,175, respectively, down sharply from previous forecasts of $143,000 and $4,304. Despite this reduction, the bank's predictions still indicate substantial upside potential for both cryptocurrencies.