Citigroup lowers its BTC and ETH price targets: 1-year target prices reduced to $112,000 and $3,175 respectively.

According to Mars Finance, citing market sources, Citigroup has lowered its 12-month price forecasts for Bitcoin and Ethereum, citing the stalled progress of the "CLARITY Act," the US cryptocurrency market structure bill. The target price for Bitcoin was lowered from $143,000 to $112,000, and for Ethereum from $4,304 to $3,175. ETF demand forecasts were also revised downwards, with Bitcoin at $10 billion and Ethereum at $2.5 billion. Alex Sanders, head of research at Citigroup, pointed out that regulatory progress will affect Bitcoin adoption and capital inflows, but the likelihood of legislation being completed this year has significantly decreased.