Citi lowers Bitcoin target price for the next 12 months to $82,000, Ethereum to $2,240

According to Reuters, Citibank has lowered its 12-month price targets for Bitcoin and Ethereum from $112,000 to $82,000 and from $3,175 to $2,240, respectively. Citi also lowered its 12-month ETF net inflow expectation from $10 billion to zero, noting that waning investor interest, ETF fund outflows, and slow progress in US digital asset legislation are exerting pressure on the market outlook.