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Citigroup cuts 12-month bitcoin, ether targets as US crypto legislation stalls
Citigroup has lowered its 12-month price targets for Bitcoin and Ethereum, citing stalled progress in U.S. crypto legislation. The bank predicts Bitcoin could reach $112,000 (down from $143,000) and Ethereum $3,175 (down from $4,304), attributing the revision to a narrowing window for regulatory catalysts that would drive institutional adoption and ETF demand. Political disagreements and potential mid-term election outcomes further complicate the passage of a crypto bill.