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Citibank Downgrades Gemini to Sell, Reduces Price Target to $5.50

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Citibank downgraded Gemini to Sell on March 19, 2026, reducing its price target to $5.50 from $13, citing a lengthy path to profitability for the crypto platform. On the same day, it lowered its one-year BTC price forecast to $112,000 and ETH to $3,175. Analysts are now monitoring altcoins for potential rebounds amid shifting market sentiment.

BlockBeats news, on March 19, Citigroup downgraded the cryptocurrency trading platform Gemini from neutral to sell, lowering its price target from $13 to $5.50, stating that the platform will still take years to achieve profitability.

Earlier today, Citibank announced it had lowered its one-year price targets for BTC and ETH to $112,000 and $3,175, respectively.

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