Wu Blockchain (@WuBlockchain): Citi Slashes Bitcoin and Ether Targets as ETF Flows Turn Negative
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
Citi Slashes Bitcoin and Ether Targets as ETF Flows Turn Negative According to Reuters, Citi cut its 12-month forecasts for bitcoin and ether, lowering its bitcoin target from $112,000 to $82,000 and its ether target from $3,175 to $2,240. Citi also reduced its expected ETF net inflows over the next 12 months from $10 billion to zero, citing recently negative ETF flows, about $3.3 billion in bitcoin ETF outflows so far this year, slow progress on U.S. crypto legislation, and concerns over potential bitcoin selling by digital asset treasury companies.