Galaxy told its clients on Wednesday that it is slashing its end-of-year target for Bitcoin, from $185,000 to $120,000. It comes after BTC dropped below $100,000 for the first time in six months on Tuesday, as more than $2 billion worth of liquidations swept the market. The institutional crypto firm’s note said that Bitcoin has entered a new phase, which Galaxy calls the “maturity era.” During this phase, it explained, “institutional absorption, passive flows, and lower volatility will dominate.” For that r ...