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City Group reduces Bitcoin, Ether outlook
Citigroup has lowered its forecasts for the prices of Bitcoin and Ether over the next twelve months due to declining investor appetite and a shift of ETF fund flows into negative territory, coupled with the lack of progress in US legislation related to digital assets. The target price for Bitcoin has been reduced to $82,000 from $112,000, while for Ether it has been cut to $2,240 from $3,175. Bitcoin dipped to $58,864, the lowest level since September 2024, with its market capitalization shrinking compared to its all-time high. Similarly, Ether fell to $1,585, the lowest since April 2025, amid a decline in ETF fund inflows totaling approximately $3.3 billion since the start of the year. The market is expected to remain weak due to the absence of new catalysts and the potential for the global economy to enter a recession.
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