[Citi Lowers BTC and ETH Price Targets: Bitcoin Target Price $82,000, Ethereum Target Price $2,240] BlockBeats News, July 1, Citigroup has lowered its 12-month forecasts for Bitcoin and Ethereum, reducing Bitcoin's target price from $112,000 to $82,000 and Ethereum's expected price from $3,175 to $2,240. Citigroup stated that declining investor interest, reduced ETF inflows, and the lack of progress in U.S. digital asset legislation have all harmed the outlook for cryptocurrencies. This adjustment is due to its decision to revise the assumption for ETF net inflows over the next 12 months from $10 billion to zero. Citi also noted that the slow progress of U.S. cryptocurrency legislation and concerns over digital asset management companies potentially selling Bitcoin have dampened investor sentiment, coinciding with a shift in capital toward AI-related assets.