Citi Downgrades Gemini Price Target as Bullish Exchange Earns Analyst Upgrade

Leading financial institution Citi has reduced the price target for cryptocurrency exchange Gemini, while simultaneously issuing an upgraded rating for competing platform Bullish. This divergent analyst action highlights the varying performance assessments within the crypto exchange sector. The price target cut for Gemini suggests concerns about its near-term growth prospects or market position. Conversely, Bullish's rating hike indicates strong confidence in its business model, technology infrastructure, or market expansion capabilities. This analyst divergence comes as cryptocurrency markets continue experiencing volatility, with institutional investors closely monitoring exchange performance metrics and regulatory developments.