Source: Reuters (via feed)
Citigroup has cut its 12-month price targets for bitcoin and ethereum. The reduction follows slow progress in U.S. cryptocurrency legislation. This legislative delay narrows the window for regulatory catalysts. These catalysts were expected to boost demand driven by exchange-traded funds. Broader institutional adoption was also linked to these catalysts. Citigroup’s revision reflects this stalled regulatory development.
BizTrendWire Insight:
Citigroup adjusted its price targets following delays in U.S. cryptocurrency legislation affecting regulatory catalysts.
Citigroup adjusted its price targets following delays in U.S. cryptocurrency legislation affecting regulatory catalysts.