Sources say that the recent slump in the crypto markets is leading to graphics card suppliers lowering their prices, tech outlet DigiTimes reported June 29.
Unnamed sources from the “upstream supply chain” told DigiTimes that the sale of ASIC crypto mining hardware have been negatively impacted, with a predicted price drop of 20 percent in July.
DigiTimes notes that the global graphic card market inventory is currently around several million units.
The US-based Nvidia, another graphic card maker, reportedly has about a million GPUs set to be released, the sources told Digitimes.
The sources continued that Nvidia’s next-generation GPUs will be postponed until late in the fourth quarter of 2018.
Optimistic long bets on crypto derivatives have once again come at a considerable cost to traders following a $1. 93 billion wipeout over the past 24 hours. The total crypto market cap is down over $70 billion amid a massive slump in prices of nearly all virtual assets with Bitcoin (BTC) retreating below the $17,000 mark.
The crypto market slump since the new year has negatively affected graphics card suppliers, with several firms ready to cut prices in July, sources say
Market action during June has seen a significant slump in trade volume, with the majority of the ten most traded cryptocurrencies experiencing a drop in volume of between roughly 17% and 57% when compared with May.
The slump affecting the crypto market continues, and Ripple’s flagship product XRP is not immune. The third-biggest coin based on market capitalisation is currently hovering around the $0. 46 to $0.
The crypto markets continue their slump today, June 26, with most of the coins on Coin360 seeing red. Market visualization from Coin360 Bitcoin (BTC) is trading at around $6,205, down around 1 percent over a 24 hour period to press time.
Since bitcoin hit the moon in 2017, with an all-time high of $20K, things have not been the same again. The flagship cryptocurrency has since started a freefall that has sent panic down the spines of crypto greenhorns, with many thinking this may be the end of the road for cryptocurrencies.
Some people have compared the recent cryptocurrency boom to the dot com bubble of the late 1990s that burst in spectacular style back in 2001. The common consensus is that those people who invested in dot com companies back at the turn of the century and hung on through the pricing slump ended up making substantial fortunes.
CEO of Binance, Zhao Chengpeng, issued a statement reminding Bitcoin users not to be overly concerned by the current level of volatility in the market. He also pointed out that Bitcoin hasn’t seen a ‘flat’ price chart to date.
The current market performance has many people questioning what is going on, wondering why Bitcoin and others have hit yet another slump this year. Experts share their opinions with Cointelegraph
The current market performance has many people questioning what is going on, wondering why Bitcoin and others have hit yet another slump this year. Experts share their opinions with Cointelegraph
Coinmint, a cloud mining service provider, has confirmed it will go ahead with its proposed plan to open a cryptocurrency mining plant in an abandoned smelter previously used by Alcoa, in Massena, New York.
Blockchain technology is one of the most widely adopted innovations in the fourth industrial revolution (4IR) era. What gained popularity as the technological layer for digital assets like Bitcoin and Ether is now being integrated in more engaging and exciting industries, most notably the sports arena.
Michael Saylor’s MSTR stock price rose by over 2% on Monday as the crypto market rebounded. However, these gains could be short-lived as Bitcoin resumed its crash, a sign that Monday’s surge was a dead-cat bounce.
As deepfake technology becomes more sophisticated, so do the scams it enables. In just the first four months of 2025, 163 deepfake-related incidents were reported, leading to over $200 million in losses.
Privacy-focused firm Nym, backed by a16z and other investors, has introduced its zero-knowledge payment system along with a perpetual token buyback model. Nym’s decentralized DePIN payments system and token buyback are now live for public testing.