The value of Bitcoin plummeted this week to its lowest since September 2017—and Nvidia's stock price similarly suffered.
After starting the week at around $5,500, Bitcoin's value currently sits below $4,000, a drop of around 30% on the week and around 75% on the year to date. The downward spiral started in the second week of November, when Bitcoin dipped below $6,000 for the first time in more than a year. Other cryptocurrencies such as Ethereum have experienced similar losses.
It's no surprise: in August, Wes wrote that many cryptocurrenciesNvidia with "excess" stock, and its share price has been hammered: it's now at its lowest since July 2017 after falling 10% this week.
While bad news for the graphics card manufacturer, the cryptocurrency crash could be—as Paul graphics card shortage, which means card prices should remain stable for the foreseeable future.
