Citi slashes Bitcoin target by $31,000 despite rising prices as Washington delays stall crypto breakout

Citigroup has significantly reduced its 12-month price targets for Bitcoin and Ethereum, cutting Bitcoin from $143,000 to $112,000 and Ethereum from $4,304 to $3,175. The March 17 revision reflects concerns about slower US policy implementation timelines that could delay crypto market breakouts despite current rising prices.

• →Citigroup slashed its Bitcoin price target by $31,000, from $143,000 to $112,000 over 12 months
• →Ethereum target was also reduced significantly from $4,304 to $3,175
• →The revision marks a sharp departure from the bank's more optimistic December outlook
• →Slower US policy implementation timeline is cited as the primary reason for reduced upside potential
• →The cuts come despite current rising cryptocurrency prices in the market