In a surprising turn of events, Citigroup has revised its price projection for Bitcoin (BTC), trimming its target to $112,000. Ethereum (ETH), the second largest cryptocurrency by market cap, hasn’t been spared either, with its value being slashed to $3,175. This comes amid a broader market correction that has seen the two leading cryptocurrencies shed significant portions of their value. There are multiple theories as to why this is happening, although market analysts believe this is a natural market correction as the crypto craze begins to calm down. Despite the price cut, the intrinsic value of cryptocurrencies remains intact and thus provides a promising investment opportunity. The complete implications of these changes will be clearer in the coming weeks. Read More
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