Citigroup has lowered its 12-month price targets for Bitcoin and Ethereum, expecting BTC at 112,000 USD (previously 143,000 USD) and ETH at 3,175 USD (previously 4,304 USD). Citigroup cited the slowdown in U.S. crypto legislation progress, weak on-chain activity, and reduced expectations for ETF inflows as reasons for the downgrade. The bank has also lowered its 12-month ETF demand expectations to 10 billion USD for BTC and 2.5 billion USD for ETH, and estimates the probability of U.S. digital asset legislation passing this year at approximately 60%. (CoinDesk)

BTC1.03%
ETH1.85%
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