Citi Revises BTC and ETH Price Targets: Bitcoin Target Price of $82,000, Ethereum Target Price of $2,240

BlockBeats News, July 1st, Citigroup lowered its 12-month price targets for Bitcoin and Ethereum, reducing Bitcoin's target price from $112,000 to $82,000 and lowering Ethereum's price target from $3,175 to $2,240.

Citigroup stated that waning investor interest, reduced ETF inflows, and a lack of progress on U.S. digital asset legislation have all hurt the cryptocurrency outlook. This adjustment came as the firm decided to lower its ETF net inflow assumption for the next 12 months from $10 billion to zero. Citigroup also noted that slow progress on U.S. cryptocurrency legislation and concerns about digital asset management companies potentially selling Bitcoin have dampened investor sentiment, with this weakness coinciding with funds shifting towards AI-related assets.