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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid a notable shift in how major financial institutions view the crypto market, Citigroup has announced significant downward revisions to its price targets for Bitcoin and Ethereum. According to reports, these 12-month revisions reflect a move toward 'Wall Street realism' following a cooling of institutional sentiment. The bank's decision stems from a slowdown in capital inflows into crypto ETFs and a general waning of the institutional momentum that characterized the start of the year.
Citigroup's decision comes as major banking stocks maintain relative stability; Citigroup (C) shares closed at $139.96 on June 30, 2026, while peers like JPMorgan Chase (JPM) are trading at $139.96 per market data. Compared to previous sector reports from Goldman Sachs, this adjustment aligns with a broader banking caution regarding digital asset volatility, especially after Bitcoin ETFs recorded net outflows in recent weeks according to Farside Investors data.
Looking ahead, investors are monitoring Citigroup (C) stock levels, which hit a recent low of $139.38 at the close of June 30, 2026. On the economic calendar, the market is awaiting key speeches from Federal Reserve officials, including Bowman and Goolsbee on June 25, which could impact overall market risk appetite and subsequently influence both digital asset performance and banking sector equities.
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