Citi Lowers Bitcoin Price Target to $82,000 Amid ETF Concerns
Citi has reduced its 12-month Bitcoin price target to $82,000, citing declining ETF demand and delayed U.S. crypto legislation.
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Citi has reduced its 12-month Bitcoin price target to $82,000, citing declining ETF demand and delayed U.S. crypto legislation.
Citi has reduced its price targets for Bitcoin and Ether as ETF outflows hit record levels, with Bitcoin now projected at $82K and Ether at $2,240.
Bitcoin rebounded from $58,000 after a significant drop, as derivatives markets indicate ongoing volatility. The cryptocurrency reached $59,770 following the turmoil.
Tether has overtaken Ether in market capitalization as Ether's price drops to $1,500, reaching levels last seen in October 2023.
Bitcoin has dropped below its Rainbow Chart support, entering the 'BTC is dead' zone, sparking debate among analysts about its future.
Bitcoin's price has fallen below $63,000 as U.S.-Iran talks prompt a selloff in risk assets, impacting the crypto market.
France will halt certification of products lacking quantum-resistant encryption by 2027, aiming to enhance cybersecurity measures.
The SEC has approved a new crypto ETF from T. Rowe Price, offering exposure to major assets like Bitcoin, Ethereum, and XRP.
Ethereum's Fusaka upgrade has launched, aiming to enhance network efficiency and scalability. Details on its impact are still emerging.
The U.S. House of Representatives has introduced a bill to establish a task force aimed at combating cryptocurrency theft across various law enforcement agencies.
Tether has led a $1.4 billion funding round for NEURA Robotics, with participation from major companies like NVIDIA and Amazon.
Bitcoin's security is under scrutiny due to potential quantum computing threats, while the market experiences fluctuations amid rising US inflation.