Citigroup cuts BTC and ETH targets as U.S. crypto legislation stalls

The Wall Street investment bank cited slower ETF flows, weak network activity and a narrowing window for U.S. regulatory catalysts. What to know : Citigroup trimmed its 12-month target for bitcoin to $112,000 from $143,000 and for ether to $3,175 from $4,304. ETF flows remain the primary driver, though Citi cut its 12-month demand assumptions to $10 billion for bitcoin and $2.5 billion for ether. Progress on U.S. digital asset legislation is slowing, with odds of passage this year slipping to ~60%, the report said.