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Gate Research: Citi Lowers 12-Month Price Targets for BTC and ETH; Independent Nonprofit Ethereum Institutional Launches

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2026-07-02 02:03:07
Reading Time: 4m
Last Updated 2026-07-02 02:09:05
Gate Research Daily Report: BTC staged a rebound from intraday lows, gaining 2.46% over the past 24 hours. ETH reclaimed the 1,600 USDT level, although it remains in a recovery phase following the recent sell-off. NFP surged 765.5% on renewed enthusiasm for AI creation and Web3 content platforms, TAIKO climbed 144.56% amid a rebound in the Layer 2 scaling sector, and POND advanced 104.85% on growing interest in decentralized infrastructure and verifiable computing. Citi lowered its 12-month price targets for both BTC and ETH, citing negative ETF fund flows as a drag on market risk appetite. Meanwhile, the independent non-profit Ethereum Institutional was officially launched to accelerate institutional adoption of Ethereum and its broader ecosystem. Robinhood Chain also went live on mainnet, alongside the launch of tokenized stocks, perpetual futures, and AI agent-powered trading services.
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