Citi Cuts Bitcoin, Ethereum Targets, Downgrades Gemini amid Policy Delays

Citigroup lowered its 12-month price forecasts for Bitcoin from $143,000 to $112,000 and Ethereum to $3,175, citing delayed U.S. crypto legislation and slower institutional adoption. This downgrade triggered a 16% stock decline in Gemini as market sentiment turned cautious amid regulatory uncertainty. Investors will closely watch U.S. policy progress and institutional demand, with major players like BlackRock still accumulating assets despite setbacks.