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Zag net that Citigroup has lowered its BTC and ETH targets. Apparently because U.S. cryptocurrency legislation isn't making progress. Interesting how large financial institutions adjust their outlook once regulation stalls.
These kinds of signals are quite important for the market. If big banks reduce their bullish stance, it can impact how institutional money positions itself. They were previously quite optimistic about crypto, so this is a clear shift.
The question is whether this is a temporary thing until legislation moves forward, or if we're gradually seeing less enthusiasm from traditional finance. Always keep an eye on these kinds of moves; they say a lot about the sentiment behind the scenes.