Analysts: Despite Crypto Mining Decline, Nvidia Will See Increased Revenue This Quarter

analysts despite crypto mining decline nvidia will see increased revenue this quarter

Analysts polled by FactSet suggest that Nvidia will see increased revenue this quarter despite “waning” cryptocurrency mining, Marketwatch reported August 10. The purported increase is due to strong demand for gaming devices and data-centers. While analysts suggest that the company’s revenue from crypto mining hardware will decline, the U.S.-based graphic processing units (GPU) manufacturer will see significant growth in its gaming and servers sales. Revenue from Nvidia’s gaming sector is expected to grow by 47 percent to $1.75 billion on a year-on-year basis while data-center revenue is expected to surge…

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$30 Billion Lost: 4 Stats That Show a Crypto Market in Decline

Market

The encryption market has lost the value of billions of dollars. As reported by CoinDesk, the total market capitalization of all cryptographic assets has been at a new low since 1 year ago. The total market capitalization is roughly $ 225 billion, a significant decline from over $ 800 billion seen in early January. Among the developments causing confusion in the market: The fact that the US Securities and Exchange Commission (SEC) has decided to make a decision on the proposed Bitcoin Exchange listed fund. As always, the devil is…

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Bitcoin Price Watch – BTC/USD Decline Continues, Now Below $6,500

bitcoin price watch btc usd decline continues now below 6500

On Wednesday morning, Bitcoin continued its decline from earlier this week, falling below the pivotal $6,500 price point. The cryptocurrency is now trading at around $6,400. Its price fell by approximately 17% over the past seven days and by 75% through 2018. Bitcoin Continues Decline, Testing New Support Continuing its decline from this past weekend, Bitcoin price fell below the critical $6,500 level. BTC/USD is now on a bearish trend testing a new support at $6,340. Another bearish trend line formed earlier at its resistance level of $6,550. As a…

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Bitcoin Price Watch – BTC/USD Holds Support, Volatility On The Decline

bitcoin price watch btc usd holds support volatility on the decline

Bitcoin price hovered around the $7,550-$7,650 territory on Friday morning. Volatility has declined since the beginning of the week, as BTC/USD has been largely trading in this range for the past seven days. BTC/USD also struggled to move past the $7,700 price point earlier today. BTC/USD Holds Support At $7,550 For most of Friday morning, Bitcoin price stayed steady in the $7,550-$7,650 range, with the lower limit being its major support level. Bitcoin has been trading in an increasingly narrow range for the past week, and volatility is on the…

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