citigroup

According to Jinshi News, Citibank believes that the Federal Reserve will start cutting interest rates in May, previously expected in March.

According to CoinDesk, Citi's analysis indicates that Bitcoin is approaching a key price support level ahead of the U.S. elections.The report states that after several weeks of decline, the price of Bitcoin has fallen below the bank's estimated average entry cost of approximately $81,600 for the U.S. spot Bitcoin ETF and is nearing the critical level of about $70,000 prior to last year's election.The report points out that the main new source of demand supporting the market—ETF inflows—has significantly slowed, while the futures market continues to see long positions being liquidated. Analysts note that the cryptocurrency market exhibits volatility similar to that of precious metals but has failed to follow the recent safe-haven rally in gold, highlighting that its price is still primarily influenced by liquidity conditions and risk sentiment rather than safe-haven demand.The report believes that regulatory progress remains a key potential catalyst, but the advancement of the U.S. digital asset market structure bill has been slow and uneven, leading to diminished expectations. The report also mentions macro risks, including concerns about the Federal Reserve's balance sheet contraction, which historically puts pressure on crypto assets by reducing liquidity in the banking system.

Cryptocurrency custody service provider Copper is in preliminary talks for a potential public listing. According to insiders, Goldman Sachs, Citigroup, and Deutsche Bank may be involved in the listing process, with the final decision depending on the

According to Coindesk, in the context of the recent decline in Bitcoin prices, Citigroup's forecast for Bitcoin's price over the next 12 months is $143,000, an increase of about 62% from the current price of $88,000. Citigroup analysts Alex Saunders, Dirk Willer, and Vinh Vo stated in a joint report: "We predict that the adoption of digital assets will increase, driven by potential legislation related to digital assets in the U.S. in the second quarter, and the active user value of Bitcoin in the new year may be around $80,000 to $90,000."Analysts pointed out that $70,000 is a key support level, and due to the resurgence of ETF demand and optimistic market expectations, prices could rise significantly. However, there is also a pessimistic side; against the backdrop of a global economic recession, Bitcoin prices could drop to $78,500. In an optimistic scenario, due to increased investor demand, Bitcoin prices could rise to $189,000.

According to Jin10, at the opening of the US stock market, the Dow Jones Industrial Average rose by 0.2%, the S&P 500 index fell by 0.17%, and the Nasdaq Composite Index dropped by 0.46%. Citigroup rose by 1.3%, and JPMorgan upgraded its rating from neutral to overweight; Broadcom fell by more than 7% due to its expectation that the gross profit margin in the first fiscal quarter will shrink by 1% because of AI products.

According to Bloomberg, Bank of America CEO Brian Moynihan, Citigroup CEO Jane Fraser, and Wells Fargo CEO Charlie Scharf plan to meet with bipartisan senators on Thursday to discuss cryptocurrency market legislation that may soon be put to a vote.The discussion is organized by the Financial Services Forum, a large bank alliance, and is expected to focus on bankers' opposition to allowing interest payments on stablecoins, as well as issues related to banks' competitiveness in the cryptocurrency space and preventing the use of cryptocurrencies for illegal activities. Senators involved in cryptocurrency market structure legislation have been invited to the meeting.

According to Jinshi News, Citigroup's U.S. stocks rose nearly 9% in pre-market trading after the company raised its sales forecast for the fiscal year 2025.

According to Bloomberg, U.S. listed Bitcoin ETFs have seen a cumulative outflow of $3.5 billion this month, nearing the single-month outflow record of $3.6 billion set in February 2024. Among them, the redemption amount of BlackRock's IBIT fund reached $2.2 billion, accounting for 60%, which may create the fund's worst monthly performance since its launch.The outflow of funds has intensified downward pressure on Bitcoin, with the price briefly falling to $80,553. Citi Research estimates that every $1 billion in redemptions will drag down the (spot) price by about 3.4%, and vice versa.

According to the New York Times, companies such as JPMorgan Chase, Citigroup, and Morgan Stanley have been notified by SitusAMC that their customer data may have been compromised.SitusAMC, a technology provider that offers real estate loan and mortgage origination and servicing for hundreds of banks and other lending institutions, confirmed on Saturday that it was a victim of a cyberattack. The company confirmed that the leaked data is related to residential mortgage loans.SitusAMC CEO Michael Franco stated that law enforcement has been notified and the company is focused on analyzing any potentially affected data. FBI Director Kash Patel mentioned that they are working closely with affected organizations and partners to understand the extent of the potential impact, but no operational impact on banking services has been found so far.A spokesperson for JPMorgan Chase stated that the bank itself was not directly attacked. SitusAMC holds a large amount of personal data from loan applications, including sensitive information such as Social Security numbers. Additionally, as the company provides services such as regulatory compliance, it may also possess sensitive information regarding the bank's own internal operations and the risks associated with its real estate asset holdings.

ChainCatcher news, according to Bloomberg, Citigroup and Coinbase Global have announced a partnership to jointly expand digital asset payment capabilities, providing services for the bank's corporate clients.This is the latest case of Wall Street giants turning to the blockchain space for innovation against the backdrop of regulatory agencies continuously warning about the risks of digital assets for years. The initial focus of the collaboration will be to explore how to simplify the fund conversion process for Citigroup's institutional clients— including the conversion of cryptocurrency to fiat currency, as well as the reverse operation of purchasing cryptocurrency with fiat currency, covering cross-border scenarios.

ChainCatcher news, according to CoinDesk, investment bank Citigroup has initiated coverage on Strategy (MSTR) for the first time, giving it a buy/high-risk rating and a target price of $485, positioning the stock as a leveraged bet on Bitcoin.On Tuesday morning, MSTR's stock price rose by 1.5%, approximately reporting at $301. Citigroup stated in a report released on Tuesday that this target price reflects its prediction that Bitcoin will reach $181,000 in 12 months, representing a 63% upside from current levels, as well as a net asset value (NAV) premium of 25% to 35%, which aligns with Strategy's historical Bitcoin earnings multiple of 2.5 to 3.5 times.Citigroup analysts believe this structure makes the stock a magnified bet on Bitcoin's performance, with significant upside potential in a bull market, while a price reversal could lead to a sharp pullback. Citigroup noted that in the most pessimistic scenario, if Bitcoin falls by 25% and the NAV premium drops from 35% to a 10% discount, the stock could lose about 61%. The report stated that Strategy is expected to continue issuing convertible bonds, preferred stock, and equity based on NAV premium conditions to expand its Bitcoin holdings.

ChainCatcher news, according to CoinDesk, Citibank has released a report indicating that stablecoins may drive the next growth phase of cryptocurrency.The bank's analysts compared stablecoins to the rise of money market funds in the 1980s, noting that the main driving force behind stablecoins is their role as a "store of value" in emerging markets facing inflation or institutional weakness, which could further stimulate demand for dollar assets but may also trigger policy responses to limit dollarization.

ChainCatcher news, according to Jin10 reports, major U.S. bank stocks are generally down in pre-market trading, with Bank of America down over 3%, Citigroup down 1.7%, Goldman Sachs and Wells Fargo both down about 1.4%, and JPMorgan Chase down over 1%.

According to ChainCatcher news reported by CoinDesk, Citigroup CEO Jane Fraser has made it clear that tokenized deposits, rather than stablecoins, will be the main driving force behind the next generation of payment and financial market infrastructure. During the Q3 earnings call with investors, she stated that institutional clients are seeking low-cost, compliant, and seamless real-time cross-border fund flows, and that tokenized deposits are the best way to achieve secure, reliable, multi-bank interoperability and always-on payment solutions.Citigroup has heavily invested in digital asset infrastructure, with its tokenization services connecting over 250 banks across more than 40 markets for instant transfers. However, Fraser pointed out that the barrier to widespread adoption lies in corporate finance departments struggling to adapt to a 24/7 financial environment. Citigroup will continue to support stablecoins; however, stablecoins come with compliance burdens such as anti-money laundering and tax reporting, which tokenized deposits can circumvent. She also cautioned against overhyping stablecoins, stating that most issues will be resolved through tokenized deposits. She noted that in the future, tokenization applications will far exceed payments, with various asset issuance and settlement being tokenized, and regulation is driving responsible innovation, which Citigroup will incorporate into its toolkit.

ChainCatcher news, Citigroup stated that despite the global situation triggering a wave of leveraged long liquidations in the cryptocurrency sector, ETF inflows remain stable driven by newer, lower-leverage investors. The bank maintains its forecast of a year-end price of $133,000 for Bitcoin and $4,500 for Ethereum.

ChainCatcher news, according to market sources, Citi Ventures has invested in the stablecoin infrastructure startup BVNK, with the amount undisclosed.BVNK provides a stablecoin payment rail that supports two-way settlement between fiat and crypto assets; co-founder Chris Harmse stated that the company's valuation is above the previously disclosed $750 million. Its growth in the U.S. market is the fastest, driven by the U.S. stablecoin regulatory bill GENIUS Act. Citi is evaluating the issuance of its own stablecoin and expanding crypto custody. In the past 12 months, stablecoin trading volume has approached $9 trillion (Visa), with a total market capitalization exceeding $300 billion (CoinMarketCap). BVNK is also supported by Coinbase and Tiger Global.

ChainCatcher message, Citibank has updated its target prices for Ethereum and Bitcoin to $5,400 and $181,000, respectively, in its latest report for the end of 2025. Citibank stated that it expects investor demand to continue driving prices up next year.Compared to Ethereum, we are more optimistic about Bitcoin, as it accounts for a significant portion of the new liquidity entering the crypto market.

ChainCatcher news, according to Jinshi reports, Citigroup has set the Ethereum price target at $5,440 for the next 12 months.

ChainCatcher news, Citigroup released the report "Stablecoins 2030," indicating that it has raised the forecast for stablecoin issuance to a baseline of $1.9 trillion by 2030, with an optimistic scenario potentially reaching $4 trillion. The report also states that if the circulation velocity is at 50 times (similar to the level of fiat currency payment speed), it is predicted that by 2030, stablecoins could support approximately $100 trillion in transaction activity annually, and in the best-case scenario, it could reach $200 trillion.According to DefiLlama data, the total market capitalization of stablecoins is currently about $296.8 billion, with USDT accounting for 58.75%.