Bitcoin fell deeply, NVIDIA and AMD graphics card prices began to show signs of cooling down

The cryptocurrency market has just experienced a huge storm, the Bitcoin price has plummeted from a high of 68,000 USD to only 34,000 USD. Along with that was a series of bad news, especially the Russian Government proposed a ban on cryptocurrency mining, similar to China before.

While crypto investors suffer from split accounts, gamers have hope for the graphics card market to cool down. And finally it has come, according to Tom’s Hardware in the US and 3DCenter.org in Germany, the retail prices of most NVIDIA and AMD graphics cards are cooling down.

If you want an Nvidia RTX 3080 graphics card, then two months ago, you could have paid up to $ 1,773, two and a half times the manufacturer’s retail price. However, according to Tom’s Hardware statistics, this price has dropped to 11%, just under $ 1,600, in January.

The RTX 3000 and AMD Radeon RX 6000 also have 5% to 10% discounts. This is the selling price listed by Tom’s Hardware on the eBay retail site, so it is not the manufacturer’s retail price. However, it shows that owning a gaming graphics card has become easier than before.

According to 3DCenter.org, the signs of cooling down are not only happening in the second-hand graphics card market, but even retailers in Germany have begun to reduce the selling price of VGA.

Meanwhile, there is no sign that the supply has been able to meet the demand. New graphics cards are still hard to find and often out of stock at many retailers. Nvidia and AMD said they expect supply to improve around the second half of 2022.

On the console front, the PS5 and Xbox Series X are also showing signs of cooling off on eBay. From an average price of $800 to under $700, a $100 discount on these used consoles. Meanwhile, PS5 is still out of stock at retailers.

Reference: theverge