Citi Revises Crypto Targets Amid Policy Delays
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Citigroup has significantly lowered its 12-month price targets for Bitcoin and Ethereum, reducing Bitcoin's forecast from $143,000 to $112,000 and Ethereum's from $4,304 to $3,175. This revision, dated March 17, represents a notable departure from the bank's more optimistic December outlook, driven primarily by anticipated delays in U.S. cryptocurrency policy implementation.
The adjustment reflects growing institutional caution as regulatory clarity remains elusive, potentially tempering near-term bullish momentum despite recent price appreciation. While the revised targets still imply substantial upside from current levels, the downward revision signals that institutional analysts are recalibrating expectations based on evolving macroeconomic and regulatory timelines rather than underlying blockchain fundamentals.
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