According to Digitimes graphics card prices are expected to see an average drop of around 20% in July. Over the past year demand from cryptocurrency miners has been high. During that time manufacturers couldn’t make enough GPUs, causing supply issues and inflating graphics card pricing to extreme level.
The GPU mining sector has seen a significant drop in demand from April 2017 until March 2018, as a result of cryptocurrency such as Bitcoin falling in value from $20,000 during December down to under $7,000 in recent months. Demand from miners is finally beginning to weaken. During the mining boom, Nvidia has reportedly built too many graphics cards thanks to grossly overestimating the longevity of GPU mining demand.