Citigroup Lowers BTC and ETH Targets Amid Regulatory Uncertainty

Citigroup has adjusted its price forecasts for Bitcoin (BTC) and Ethereum (ETH) in light of changing market conditions.

The bank cited slower exchange-traded fund (ETF) inflows, reduced network activity, and decreased expectations for regulatory support in the US as factors contributing to the downward revision.

While the exact targets were not disclosed, it is clear that Citigroup has become more conservative in its outlook for the two largest cryptocurrencies by market capitalization.