Bitcoin volatility rocks China’s graphics card market

  • 📰 staronline
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 75%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Bitcoin volatility rocks China's graphics card market, pushing vendors to demand same-day purchases of dwindling supply

Volatile bitcoin prices are wreaking havoc on the prices of graphics cards in Huaqiangbei, the world’s largest electronics market located in Shenzhen, preventing buyers from making advanced purchases.

“Tell me the price you’re thinking of and I will see if I can sell the cards to you,” he said. “I have hundreds of inquiries from other buyers who are ready to make a deal now.” GPU prices online have also surged to multiple times their suggested retail value. Nvidia, for example, lists the prices of its GeForce RTX 3070 and 3080 as 3,899 yuan and 5,499 yuan , respectively. The cards are sold out from Nvidia, however, and vendors on Taobao, owned byparent company Alibaba Group Holding, are selling them for nearly twice as much.

The price of bitcoin surged to an all-time high of more than US$57,000 on Feb 21, boosted by support for cryptocurrencies from large companies such as Tesla and Mastercard. Since its peak, bitcoin lost about 20% of its value before creeping back up to around US$50,000 at the beginning of March. Other cryptocurrencies, including ethereum, have followed similar trajectories.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 4. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

China’s market watchdog to slap new rules on e-commerce platformsThe State Administration of Market Regulation (SAMR) has vowed to clarify the responsibilities of e-commerce platforms. Big Tech companies have been facing increased scrutiny from regulators over their Internet businesses since December.
Fonte: staronline - 🏆 4. / 75 Consulte Mais informação »