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Citigroup cuts 12-month bitcoin, ether targets as US crypto legislation stalls
Citigroup cut its 12-month forecast for bitcoin and ethereum, citing slow U.S. legislative progress that narrows the window for regulatory catalysts expected to boost ETF-driven demand and broader institutional adoption. Progress on U.S. crypto market-structure legislation has stalled in the Senate, with the Clarity Act's chances of passage declining over disagreements on stablecoin rules and a shrinking window for approval in 2026. The Wall Street brokerage lowered its 12-month bitcoin price forecast to $112,000 from $143,000 and its ethereum estimate to $3,175 from $4,304. "Regulatory catalysts will ... (full story)
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