Citi cuts Bitcoin and Ether price targets amid weak ETF demand

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Citi has lowered its 12-month price targets for both Bitcoin and Ether, reversing its earlier ETF inflow forecasts. The bank cited sluggish investor demand and a slowdown in ETF capital flows as key reasons for the revision. Progress on U.S. cryptocurrency legislation has also stalled, adding to the cautious outlook. The downward revision reflects growing uncertainty in the near-term crypto market environment.

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