クリプトドットイン

暗号に強い人材のためのオルタナティブ・リンクトイン

Citigroup Lowers 12-Month Bitcoin Price Forecast To $112,000, ETH To $3,175—Here’s The Reason

-

によって

クリプトドットイン
で

Despite a recent resurgence in prices, Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies by market capitalization, are not expected to achieve new all-time highs this year, according to analysts at Citigroup. 

The company significantly revised its forecasts for both cryptocurrencies on Tuesday, reflecting concerns about the slow pace of legislative progress in the United States, which limits the potential for regulatory catalysts that could drive increased demand from institutional investors and exchange-traded funds (ETFs).

Bitcoin And Ethereum Price Targets Revised Downward

In their latest update, Citigroup lowered its 12-month price target for Bitcoin from $143,000 to $112,000, while Ethereum’s forecast was reduced from $4,304 to $3,175. 

This suggests that, based on current trade prices, Bitcoin is predicted to increase by nearly 50% in the remaining months of the year from $74,360. Ethereum, on the other hand, would see a nearly 62% increase in price from its present level of $2,314 per token over the course of the year. 

Citi strategist Alex Saunders emphasized that while regulatory catalysts are essential for fostering greater adoption and inflows into the market, the opportunity for significant US legislative action this year is diminishing.

The report further highlights that, under a recessionary economic climate, Bitcoin could see its price dip to as low as $58,000, while Ethereum might fall to around $1,198. 

Conversely, in a bullish scenario driven by heightened demand from end investors, Bitcoin’s price could reach $165,000, with Ethereum potentially climbing to $4,488.

Tight Timeline For Crypto Legislation Progress

The upcoming mid-term elections in November further complicate the legislative landscape for crypto-focused regulation. Should Democrats gain additional seats in Congress, the chances of passing the crypto market structure bill (CLARITY Act) could diminish. For the bill to advance, support from 7 Senate Democrats is required. 

Citigroup analysts suggest that Bitcoin is likely to trade within a range while awaiting developments in the legislative arena, with $70,000 acting as a significant price point as the US election approaches.

Earlier on Tuesday, Bitcoinist 報告済み that Alex Thorn from the research team at Galaxy Digital pointed out that time is of the essence. He cautioned that if progress is not made this month, the likelihood of passing the CLARITY Act this year will become “extremely low.”

While negotiations in Washington D.C focus on resolving the stablecoin rewards issue, Thorn highlighted that additional challenges could emerge. These challenges may include discussions regarding decentralized finance (DeFi), investor protections, and broader ethical considerations in the digital asset sector. 

ビットコイン

Featured image from OpenArt, chart from TradingView.com 

コメント

コメントを残す

メールアドレスが公開されることはありません。 ※ が付いている欄は必須項目です

最新フィード

人気カテゴリー

ja 日本語
ja 日本語 en_US English ro_RO Română et Eesti ko_KR 한국어 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

ウェブサイトを検索

人気記事

タグ

#AlexeyPertsev (1) #Bidenクリプトバン (1) #Biden選挙 (1) #BinanceVsCoinbase (1) #ビットコイン (428) #BitcoinETF (3) #ビットコイン基礎知識 (1) #ビットコインの取り扱い (1) #Bビットコイン価格 (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #ビットコイン・サージ (1) #Bitcoinトップ (1) #Bitfinex (1) #ビットワイズ (1) #BracebridgeCapital (1) #BRC20トークン (1) #BTC取得 (1) #Bullish予測 (1) #Bullishセンチメント (1) #中国鉱業 (1) #CPプレビュー (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #クリプトマニア (1) #CryptoMarket (4) #CryptoPrediction (1) #Crypto予測 (1) 1TP5トリプトレギュレーション (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty（暗号の不確実性 (1) #Dデリバティブジャンプ (1) #Dogecoin (73) #Dogecoinゲイン (1) #Dogecoinボリューム (1) #ダッチコート (2) #ECコマース (1) #ElSalvadorビットコイン (1) #Ethereum (69) #EthereumPain (1) #EthereumPrice (1) 1TP5専門家の意見 (1) #Fedレートカット (1) #FiatCurrency (1) #フィナンシャル・インパクト (1) #フィナンシャル・プライバシー (1) #Firmシャットダウン (1) #F凍結アカウント (1) 1TP5自己資金 (1) #InflationData (1) 1TP5投資 (1) 1TP5投資損失 (1) #日本ファーム (1) #法的措置 (1) 1TP5法的影響 (1) #法律 (1) #LightningNetwork (1) #市場分析 (3) #Mマーケットモニタリング (1) #M市場予測 (1) #市場予測 (1) #M市場予測 (1) #Mマーケットサポート (1) #マーケットボラティリティ (1) #マリッジ (1) #MemeCoin (5) #Memeコイン (2) #Miner収益性 (1) #マネーロンダリング (2) #MtGox (4) #北朝鮮暗号 (1) #ノボグラッツ予想 (1) #Priceマイルストーン (1) #P価格予測 (2) #Price質問 (1) #プライスサージ (1) #Prisonセンテンス (1) #QuantAnalysis (1) 1TP5規制圧力 (1) #SECアンチクリプト (1) #ShibaInu (5) #SocialBuzz (1) #技術分析 (1) #トンコイン (3) #トルネードキャッシュ (3) #TornadoCashDev (1) #TornadoCashデベロッパー (1) #UKクリプト (1) #Upsideポテンシャル (1) #USCongress（米国議会 (1) #ワイオミングランド (1) #XRP価格 (1) #XRPupswing (1)

お役立ちリンク

私が役に立ち、共有したいと思ったリンク