Citigroup downgrades Gemini from Neutral to Sell, lowers price target from $13 to $5.5

BlockBeats News, March 19, Citigroup downgraded the encrypted trading platform Gemini from Neutral to Sell, with a target price reduced from $13 to $5.5, stating that the trading platform will take several more years to become profitable.

Earlier today, Citigroup also announced a downgrade of the future 1-year price targets for BTC and ETH to $112,000 and $3,175, respectively.