Citi cuts 12-month Bitcoin target to $82,000, Ether to $2,240
The bank also cut its 12-month crypto ETF inflow forecast to zero from $10 billion, citing negative fund flows, weaker institutional demand, stalled U.S. legislation and softer investor sentiment.
BTC
Fact Check
The Reuters primary article confirms all core figures: Bitcoin 12-month target cut to $82,000 (from $112,000), Ether to $2,240 (from $3,175), and the ETF inflow forecast cut to zero from $10 billion, with cited reasons matching the claim (negative fund flows, weaker demand, stalled legislation, softer sentiment). Independent outlets (The Week, Finimize) corroborate the identical target numbers, confirming accuracy.
Summary
Citigroup has sharply lowered its 12-month price targets for Bitcoin and Ether, cutting Bitcoin to $82,000 from $112,000 and Ether to $2,240 from $3,175. The bank also reduced its assumption for net crypto ETF inflows over the next 12 months to zero from $10 billion, saying ETF flows have turned negative, Bitcoin ETF flows are down about $3.3 billion so far this year, and institutional and broader investor demand have weakened amid stalled U.S. digital asset legislation and risk-off market conditions.
Terms & Concepts
- ETF inflows: Net investor money entering exchange-traded funds.
- bear-case scenario: A downside forecast based on adverse assumptions.
- institutional demand: Buying interest from professional investors.