CoinDesk·7h ago·negative

Citi slashes bitcoin and ether price targets, citing zero ETF inflows and stalled US legislation

Citi cut its 12-month bitcoin target to $82,000 from $112,000 and ether to $2,240 from $3,175, now assuming zero net ETF inflows. The bank cited stalled US crypto legislation, weak sentiment, and concerns over digital asset treasury selling as headwinds.

Bitcoin ETFs recorded a record $4 billion in net outflows in June, the largest monthly withdrawal on record
Citi abandoned its earlier expectation that US regulatory progress would drive fresh institutional allocations
The bank's bear case sees bitcoin falling to $53,000 and ether to $1,094 under recessionary conditions
Bitcoin and ether both remain below their 200-day moving averages, while speculative capital has shifted to AI investments

marketregulationImpact 7/10

Why our editor rated this negative

A major Wall Street bank slashing price targets and forecasting zero ETF inflows is a clear negative signal for the crypto market. Record ETF outflows and stalled legislation create genuine headwinds.

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