Citigroup has revised its 12 month price forecasts for Bitcoin and Ether downward, citing fading investor demand, slowing spot ETF inflows, and ongoing delays in US cryptocurrency regulations as the main factors behind the update. The US-based financial giant reduced its 12 month Bitcoin target from $112,000 to $82,000, while Ether’s forecast was cut from $3,175 to $2,240. Citigroup, one of the largest global banking and investment service providers, attributes the revision to weaker than expected market dynamics in both assets.