Citigroup Lowers 12-Month Target Prices for BTC and ETH to $112,000 and $3,175 Respectively

Odaily News Citigroup has lowered its 12-month target price for Bitcoin from $143,000 to $112,000 and for Ethereum from $4,304 to $3,175. The bank cited factors such as stalled progress in US crypto legislation, reduced expectations for ETF inflows, and weak on-chain activity as the main reasons for this forecast adjustment. The current market trend remains highly dependent on US regulatory progress. Although the CLARITY Act has passed in the House of Representatives, its advancement in the Senate is stalled, and legislative uncertainty continues to hinder institutional capital entry. Citigroup also stated that, despite recent ETF inflows showing resilience, it has lowered its 12-month inflow expectations for Bitcoin and Ethereum to $10 billion and $2.5 billion, respectively. However, Citigroup indicated that in an optimistic scenario, Bitcoin could still reach $165,000 and Ethereum $4,488. (CoinDesk)