Citi slashes Bitcoin target by $31,000 despite rising prices as Washington delays stall crypto breakoutCiti still sees upside for Bitcoin and Ethereum, but slower US policy is shrinking how far prices can run this year.
Happy Wednesday!Bitcoin’s rally faces mounting headwinds as Citi slashes its price target by $31,000 amid Washington policy delays, the Fed’s pivotal decision tonight tests the $80k barrier, and recession risks hit a historic danger zone, setting the stage for BTC’s ultimate proving ground before the next halving. Explore the full stories below. The global crypto market cap is $2.44 trillion, with a 24-hour volume of $101.41 billion. The price of Bitcoin is $71,263.16, and BTC market dominance is 58.5%. The price of Ethereum is $2,178.75, and ETH market dominance is 10.8%. The best-performing sector is Gaming, which gained 27%. The Crypto Fear & Greed Index is currently Extreme Fear (26). 📰 Top News
Citi slashes Bitcoin target by $31,000 despite rising prices as Washington delays stall crypto breakoutCiti still sees upside for Bitcoin and Ethereum, but slower US policy is shrinking how far prices can run this year. Fed decision tonight will likely decide whether Bitcoin gets past $80k or fall furtherBitcoin faces $80,000 test as Fed meeting and oil shock dim hopes for rate cuts. Recession risk hits historic danger zone, setting up Bitcoin’s biggest test yetBitcoin will finally face the pain Satoshi wrote about in the first block transaction before the next halving.
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About CryptoSlateCryptoSlate is a comprehensive and contextualized source for crypto news, insights and data. Since 2017, CryptoSlate has been a go-to destination for the fast-moving and nascent digital assets space. Our coverage focuses on Bitcoin, Ethereum, macro, DeFi, AI, and web3. Our goal is to provide an all-encompassing overview of the crypto asset market and the technological trends shaping it. Our mission at CryptoSlate is to decode the complexity of digital assets and showcase their potential to transform society by providing accessible, reliable information and analysis. We're committed to differentiating our news coverage by telling original stories and providing alternative points of view. Questions, Comments?Get in touch with us here. Connect with UsTelegram • X • Google News • LinkedIn • Instagram
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