Big Gamers News – Bitcoin Is Crashing and Taking the Crypto Market With It

If you have any investments in popular cryptocurrencies, chances are you’ve had a pretty unpleasant few weeks. While most of the news surrounding the current cryptocurrency market crash concerns Bitcoin, its collapse has also dragged down several other coins such as Ethereum.

At its peak, a single Bitcoin was worth nearly $64,400, which means that if you bought $1,000 worth of Bitcoin on November 12, 2021, it would currently be worth around $326 today. Likewise, the price of Ethereum has dropped to $1,112 this week, down from $4,600 in November, and that was the main currency still being mined using consumer graphics cards rather than application-specific integrated circuit (ASIC) miners. ).

This is bad news for cryptocurrencies, but potentially good news for other stakeholders who are praying for the market to go down, even if some people have nothing to gain from the Bitcoin crash. One such group is PC gamers and computer enthusiasts who have partially blamed cryptocurrency miners for the rapid inflation of graphics card prices in recent years – but will this continued market collapse provide a fruitful bounty of cheap GPUs?

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