Citigroup analysts said on Tuesday that Bitcoin and Ethereum are unlikely to set new all-time highs this year despite a recent price rebound. The bank cut its 12-month targets to $112,000 for Bitcoin (from $143,000) and $3,175 for Ethereum (from $4,304), citing slower-than-expected U.S. legislative progress that could limit regulatory catalysts for institutional and ETF demand.

Circle, issuer of the USDC stablecoin, saw its CRCL shares trade above $123 for the first time since last October after Clear Street upgraded the stock to "Buy" on Monday. The firm also lifted its price target from $92 to $136 as USDC usage has increased since early February, helping push the shares up 7.5% on the day and 46% year-to-date.