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Citi Cuts Bitcoin and Ether Forecasts as ETF Outflows Weigh on Crypto Sentiment

New York, 1 July 2026 – Citigroup has cut its 12-month forecasts for bitcoin and ether, warning that weakening investor appetite, negative exchange-traded fund flows and slow progress on United States digital asset legislation have clouded the outlook for the world’s two largest cryptocurrencies.

The brokerage lowered its bitcoin target to US$82,000 from US$112,000, while reducing its ether forecast to US$2,240 from US$3,175. The downgrade reflects a sharp shift in crypto-market sentiment after months of volatility, fund outflows and fading expectations for fresh regulatory catalysts.

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Author

  • Tim Clark is a Senior Geopolitical Analyst for The Ledger Asia, specializing in the intersection of international relations and market stability. With over a decade of experience, Tim provides deep-dive insights into Indo-Pacific security, global supply chain resilience, and the strategic competition between major powers.

    Previously a consultant for leading international think tanks, he focuses on how shifting diplomatic landscapes and maritime disputes impact corporate governance and trade policy. At The Ledger Asia, Tim’s analysis equips readers with the clarity needed to navigate the complex regulatory and economic environments of Southeast Asia and beyond.

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