Citigroup Cuts Crypto Price Projections Amid US Regulatory Uncertainty

Citigroup's analysts have adjusted their predictions for the cryptocurrency market, attributing the revision to ongoing regulatory challenges in the United States.

The experts expect a decrease in prices, specifically targeting $112,000 and $3,175 for Bitcoin and Ethereum respectively. This is a significant drop from previous forecasts of $143,000 and $4,304.

Bank analyst Alex Saunders noted that while regulatory factors may support adoption and ETF expansion, the window for passing US legislation this year is narrowing.

The forecast considers both base-case and bearish scenarios, with prices potentially reaching as low as $58,000 and $1,198. A more optimistic view also presents higher targets of $165,000 and $4,488.