🤑 Citi Slashes Crypto Targets: Bullish or Just Bull? 🐂💨

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Markets

What to know: 🧐

  • Citigroup, those clever clogs, have trimmed their crypto stock targets faster than a barber on a Monday morning. 🪒 But oh, they’re still “bullish”! 🐂🤡
  • Circle (CRCL), the stablecoin wizard, is their top pick. Abracadabra, let’s hope it doesn’t vanish like a bad magic trick! 🎩✨

Ah, Wall Street! Where the suits and ties whisper sweet nothings about digital assets while the crypto rollercoaster does loop-de-loops. 🌪️ Citigroup, those masters of the financial universe, have given their crypto stock coverage a good old dusting, but they’re still wearing their bullish spectacles. 🕶️

“Volatility? Pah! We’re as bullish as a bull in a china shop!” declared the analysts, led by the ever-optimistic Peter Christiansen, in their Friday report. 📈🐂

Circle Financial (CRCL), the stablecoin maestro, remains Citi’s golden child, with a price target of $243. Never mind that it’s currently lounging at $83.60-it’s all part of the grand plan, apparently. 🤑🤞

Next up, Bullish (BLSH) and Coinbase (COIN), the dynamic duo of Christiansen’s dreams. “BLSH is in the sweet spot,” he gushed, “benefiting from rising institutional and TradFi participation.” Sweet spot, or just a sugar-coated gamble? 🍭🤔 BLSH’s target is now $67 (down from $77), while COIN holds steady at $505. Current prices? $44 and $242, respectively. Upside potential? Sure, if you squint hard enough. 😎

Buy-rated Strategy (MSTR) got a haircut too, with its target trimmed to $325 from $485. Still a 100% upside, they say. We’ll just leave that there. 🚀🤷‍♂️

And let’s not forget Riot Platforms (RIOT), the bitcoin miner with a target of $23 (down from $28). Currently trading at $14. Mining profits or mining for trouble? ⛏️💸

Last but not least, Gemini (GEMI) got a target cut to $13 from $16, thanks to “increasing competitive challenges.” Trading at $11? Sounds like a bargain-or a warning sign. 🚨🤔

So, there you have it, folks! Citi’s crypto crystal ball is still glowing, but whether it’s fortune-telling or just wishful thinking remains to be seen. Stay tuned, and keep those wallets handy-or not. 🌟💼

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2025-12-19 19:35