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Citigroup Downgrades Bitcoin (BTCUSD) Forecast as U.S. Regulatory Stalls Weigh on Rally

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The Story

News Summary

  • Citigroup lowered its 12-month bitcoin forecast due to stalled U.S.
  • legislation reducing regulatory catalysts, anticipating range-bound prices near $70,000 ahead of elections amid recession concerns.
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BTCUSD price history

76375.37 +11.05% over the displayed period

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