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TechFlow News, July 1, according to Reuters, Citibank lowered Bitcoin and Ethereum 12-month price targets from $112,000 to $82,000 and from $3,175 to $2,240 respectively.
Citi also lowered the 12-month ETF net inflow expectation from $10 billion to zero, noting that waning investor interest, ETF outflows, and slow progress in US digital asset legislation are exerting pressure on market prospects.
According to Reuters, Citibank has lowered its 12-month price targets for Bitcoin and Ethereum from $112,000 to $82,000 and from $3,175 to $2,240, respectively. Citi also lowered its 12-month ETF net inflow expectation from $10 billion to zero, noting that waning investor interest, ETF fund outflows, and slow progress in US digital asset legislation are exerting pressure on the market outlook.
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