Citi Lowers Bitcoin and Ether Price Targets Amid ETF Outflows

Citi has revised its price targets for Bitcoin and Ether downward in response to significant outflows from cryptocurrency exchange-traded funds (ETFs). The financial institution now projects Bitcoin to reach $82,000 and Ether $2,240, citing weakened demand as a key factor.

The adjustment comes as US spot Bitcoin ETFs experienced a record outflow of $4.5 billion in June, according to Cointelegraph. This marks the largest monthly withdrawal on record, pushing the year-to-date outflows to $5.5 billion. The substantial outflows suggest a shift in investor sentiment, impacting the broader cryptocurrency market.

The reduction in price targets by Citi reflects the challenges faced by the crypto market amid these ETF outflows. The situation underscores the volatility and uncertainty that continue to characterize the cryptocurrency landscape.

Sources

Leonard Kravets

cryptocurrency journalist and market analyst focused on the intersection of blockchain, culture, and real-world adoption. Known for his clear, data-driven writing style, he covers emerging altcoins, DeFi trends, and the risks behind hype-driven projects. With a strong emphasis on education, transparency, and spotting potential scams before they spread.

Sources

Leonard Kravets

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