Citi turns bearish on bitcoin and ether as ETF demand fades
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Citi has taken a bearish stance on bitcoin and ether, citing fading demand for exchange-traded funds (ETFs). The bank has cut its forecasts for the two cryptocurrencies, citing deteriorating key price drivers and weak sentiment. The outlook for bitcoin is uncertain, with some reports suggesting a potential slide in price and others discussing various risks and negative market trends.
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