Citigroup cuts 12-month bitcoin, ether targets as US crypto legislation stalls
CNA
March 17 : Citigroup cut its 12-month forecast for bitcoin and ethereum, citing slow U.S. legislative progress that narrows the window for regulatory catalysts expected to boost ETF-driven demand and broader institutional adoption.Progress on U.S. crypto market-structure legislation has stalled in the Senate,
March 17 : Citigroup cut its 12-month forecast for bitcoin and ethereum, citing slow U.S. legislative progress that narrows the window for regulatory catalysts expected to boost ETF-driven demand and broader institutional adoption.
Progress on U.S. crypto market-structure legislation has stalled in the Senate, with the Clarity Act's chances of passage declining over disagreements on stablecoin rules and a shrinking window for approval in 2026.
The Wall Street brokerage lowered its 12-month bitcoin price forecast to $112,000 from $143,000 and its ethereum estimate to $3,175 from $4,304.
"Regulatory catalysts will drive further adoption and flows but the window of opportunity for U.S. legislation this year is narrowing," Citi strategist Alex Saunders said in a note on Monday.
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