Citibank lowered its 12-month price targets for BTC and ETH to $112,000 and $3,175, respectively.

Odaily Odaily reports that Citigroup has lowered its 12-month price target for Bitcoin from $143,000 to $112,000, and its 12-month price target for Ethereum from $4,304 to $3,175. The bank cited factors such as stalled progress in US crypto legislation, declining ETF inflows, and weak on-chain activity as the main reasons for this forecast adjustment. Current market movements remain highly dependent on US regulatory progress. While the CLARITY Act has passed the House of Representatives, its progress in the Senate is stalled, and legislative uncertainty continues to constrain institutional investment. Citigroup also stated that although recent ETF inflows have remained resilient, it has lowered its 12-month inflow forecasts for Bitcoin and Ethereum to $10 billion and $2.5 billion, respectively. However, Citigroup indicated that in an optimistic scenario, Bitcoin could still reach $165,000 and Ethereum $4,488. (CoinDesk)