Citi Cuts Price Targets for Crypto Stocks Following Bitcoin's Weak Q4 Performance

Analysts at Citigroup have revised their price targets downward for several major cryptocurrency-related stocks. This decision comes in response to Bitcoin's underperformance in the fourth quarter of 2024, which failed to meet market expectations. The bank's report highlights increased caution regarding the near-term outlook for crypto equities, linking their valuation directly to Bitcoin's market momentum. Key companies affected include mining firms and crypto exchange-traded funds. Citi maintains that while long-term potential remains, current volatility and regulatory uncertainties warrant a more conservative stance. This adjustment reflects broader institutional sentiment shifting after a period of subdued crypto market activity.