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Citi cuts bitcoin, ether forecasts as ETF flows turn negative
Citigroup slashed its 12-month forecasts for bitcoin and ether, saying weakening investor appetite, negative exchange-traded fund flows and a lack of progress on U.S. digital asset legislation have hurt the outlook for the two largest cryptocurrencies. The brokerage, in a note dated Tuesday, lowered its target for bitcoin to $82,000 from $112,000 and trimmed its ether forecast to $2,240 from $3,175. Bitcoin was last trading at $58,864.27, its weakest level since September 2024, having halved in value from an all-time high of $126,223.18 in October last year. Ether was last at $1,585.63, its lowest since April 2025. ... (full story)
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