Citigroup lowers its expectations for BTC and ETH, with target prices for the next year set at $112,000 and $3,175

According to market news, Citigroup has lowered its price forecasts for Bitcoin and Ethereum over the next 12 months, citing the stagnation of the U.S. cryptocurrency market structure bill "CLARITY Act" as the reason. The target price for Bitcoin has been reduced from $143,000 to $112,000, and for Ethereum from $4,304 to $3,175; the ETF demand forecasts have also been revised downwards, with Bitcoin at $10 billion and Ethereum at $2.5 billion.

Alex Sanders, head of Citigroup's research, pointed out that regulatory progress will affect the adoption of Bitcoin and capital inflows, but the likelihood of completing legislation within this year has significantly decreased.