Citigroup Cuts 12-Month BTC and ETH Targets Citing US Crypto Bill Deadlock
Citigroup has lowered its 12‑month price targets for bitcoin (BTC) and ether (ETH), attributing the revision to sluggish progress on US crypto legislation. The bank warned that the current stalemate shrinks the timeframe for regulatory developments—like clearer ETF frameworks—that many market participants had expected would catalyze fresh institutional flows.
The move matters because the prospect of spot ETFs and firmer regulatory guidance has been a primary driver of predicted inflows and higher market participation. With lawmakers stalled, Citigroup says visibility around those catalysts is reduced, elevating policy risk and the potential for muted price action in the near term. Investors should watch congressional momentum and regulatory signals closely, as renewed clarity could rapidly alter the outlook for BTC and ETH.