Can Bitcoin hit $250K this year? Traders say it may be time to ‘sell in May’
Veteran trader Peter Brandt and other analysts question the $250,000 Bitcoin target, warning the current bear phase may not be over....
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Riot extends $200 million Coinbase credit facility, and bitcoin weakness could mean more sales
Riot Platforms extended its $200 million Coinbase credit facility with fixed rates and extended maturity, providing cost predictability. However, the miner's Bitcoin holdings dropped to 15,680 BTC from 19,368 BTC since January, narrowing its collateral buffer. Loan-to-value triggers could force liquidations if BTC prices weaken further, limiting Riot's flexibility as it pivots toward AI infrastructure investments.
Lightspark Launches Grid Global Accounts, Targeting Fragmented Global Payment System
Bitcoin Magazine Lightspark Launches Grid Global Accounts, Targeting Fragmented Global Payment System David Marcus, CEO of Lightspark, used a Tuesday morning session at the Bitcoin 2026 Conference to announce Grid Global Accounts. This post Lightspark Launches Grid Global Accounts, Targeting Fragmented Global Payment System first appeared on Bitcoin Magazine...
IREN Price Target Cut as Bernstein Sees Firm Dumping Bitcoin Mining for AI
Bernstein cut its price target for IREN, citing the firm's strategic shift from Bitcoin mining toward artificial intelligence infrastructure. The downgrade reflects concerns about profitability in traditional mining amid competitive pressures and AI's emerging dominance in crypto infrastructure spending. This pivot signals broader industry trends as miners diversify into higher-margin AI operations, impacting investor sentiment on pure-play mining stocks.