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

Citigroup cuts Bitcoin and Ethereum targets as slower US policy timeline trims the upside case Citigroup has cut its 12-month targets for Bitcoin and Ethereum, lowering its Bitcoin forecast to $112,000 from $143,000 and its Ethereum forecast to $3,175 from $4,304. The March 17 revision marks a sharp step down from the bank’s December view and ties that reset to slower US legislative progress, a delay that Citi said i…