Citi cuts bitcoin, ether forecasts as ETF flows turn negative Reuters
The crypto market is experiencing evolving institutional interest, and Citi's forecast revision reflects recent negative ETF flows following broader market fluctuations.
This indicates a potential shift in institutional sentiment towards major cryptocurrencies and could impact their short-to-medium term price trajectories.
Market participants will likely re-evaluate the stability and growth prospects of Bitcoin and Ethereum, potentially leading to increased caution among institutional investors.
- · Bitcoin holders
- · Ethereum holders
- · Crypto exchanges
- · Crypto investment funds
Citi's reduced forecasts may trigger a short-term dip in BTC and ETH prices.
Other financial institutions might follow suit, leading to broader negative sentiment and capital outflows from crypto assets.
Sustained negative institutional flows could destabilize smaller cryptocurrencies and nascent blockchain projects relying on broader market optimism.
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Read at Reuters — Technology (Google News)