• AMD and Nvidia's crypto problems 'will persist longer than expected,' RBC says

    13 days ago - By Business Insider

    Cryptocurrencies , including bitcoin and ethereum , are sitting at their lowest levels in more than a year.
    Chipmakers such as AMD and Nvidia have warned investors about potential headwinds following the crypto boom and its bust.
    AMD and Nvidia's oversupply of cryptocurrency-mining chips will persist longer than expected RBC says.
    Watch AMD and Nvidia trade live.
    As cryptocurrencies plunge to their lowest levels in more than a year , crypto-mining chipmakers such as AMD and Nvidia are feeling the long-lasting pain, RBC said in a note titled "Crypto mining issues likely to persist longer...
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  • Bitcoin tumbles to its lowest level since September 2017

    Bitcoin tumbles to its lowest level since September 2017

    13 days ago - By Business Insider

    Bitcoin was down 5% Monday and trading at its lowest level in over a year.
    It has fallen 40% since November 14, a few days before a hard fork in its rival bitcoin cash .
    Watch bitcoin trade live.
    Bitcoin and its rival cryptocurrencies were under pressure Monday as the relentless sell-off that began less than two weeks ago continued.
    Early selling Monday had bitcoin, the largest cryptocurrency by market value, down 5% to near $3,800 and trading at levels last seen in September 2017. Bitcoin has seen 40% of its market value wiped out since November 14, a few days before the hard fork in its...
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