Citigroup cuts 12-month bitcoin, ether targets as US crypto legislation stalls - Reuters

Citigroup has reduced its 12-month price targets for bitcoin and ether, citing stalled progress on U.S. cryptocurrency legislation as a key factor in the downward revision. The bank's move reflects broader uncertainty in the crypto market as regulatory clarity remains elusive, even as the Trump administration has signaled openness to a more crypto-friendly approach. Lower price targets from major financial institutions can influence investor sentiment and trading behavior in digital assets. The action underscores how regulatory environment shapes institutional confidence in cryptocurrency valuations, particularly as the industry awaits potential legislative action that could clarify the legal framework for digital assets.