Citigroup cut its 12-month price forecasts for bitcoin and ethereum, citing slow U.S. legislative progress that narrows the window for regulatory catalysts (e.g., ETF approvals). The bank said delayed legislation reduces the likelihood of near-term ETF-driven demand and broader institutional adoption, creating a near-term headwind for crypto flows.
Citigroup cut its 12-month price forecasts for bitcoin and ethereum, citing slow U.S. legislative progress that narrows the window for regulatory catalysts (e.g., ETF approvals). The bank said delayed legislation reduces the likelihood of near-term ETF-driven demand and broader institutional adoption, creating a near-term headwind for crypto flows.
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mildly negative
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