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Schwab Network

Crypto Corner: Explaining Bitcoin Mining Pivot to AI & Rangebound Price Action

9 min27 maj 2026

As Bitcoin retreats toward $75,000, Charles Schwab's Jim Ferraioli takes a closer look into the latest price action. He makes the case that the cryptocurrency will stay rangebound unless a greater catalyst, like the passage of the Clarity Act, shakes up the market. Jim also explains why Bitcoin miners are piling into the AI space and argues they will pivot back if Bitcoin prices reaccelerate.


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