CoinWorld News, Citigroup has lowered its expected ETF inflows from $1 billion to zero, forecasting no inflows over the next 12 months. Additionally, Citigroup has reduced its 12-month price target for Bitcoin from $112,000 to $82,000, and for Ethereum from $3,175 to $2,240. In Citigroup's bearish scenario, Bitcoin could fall to $53,000, and Ethereum could drop to $1,094, assuming a recessionary macroeconomic environment and continued ETF outflows.

BTC2.85%
ETH3.42%
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LittleSunOfStainedGlass
· 7h ago
Traditional banks still look at crypto with a jaundiced eye, cutting target prices by 30%, with outflow expectations fully maxed out, and short-term sentiment under heavy pressure.
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GateUser-af0710ba
· 7h ago
ETF inflows drop to zero plus economic recession double whammy, this script is familiar, deja vu of 2022.
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ColdBrewYield
· 8h ago
Citigroup's downgrade this time is pretty harsh, directly zeroing out expectations, and the market is going to shake again.
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