Great news gamers – Bitcoin is crashing and taking the crypto market with it

If you have any investments in popular cryptocurrencies then chances are you’ve had a fairly unpleasant few weeks. While most of the news surrounding the ongoing crypto market crash concerns Bitcoin, its collapse has also dragged several other coins like Ethereum down with it.

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

That’s bad news for crypto bros, but potentially good news for other interested parties who have been praying for the market to crash, even if some folks have nothing to gain from Bitcoin’s downfall. One such group is PC gamers and computing enthusiasts who partially blamed crypto miners for the rapid inflation of graphics card prices over the last few years – but will this ongoing market collapse provide a fruitful bounty of cheap GPUs?


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