Fintech

Crypto firms are under pressure as bitcoin and ethereum fall further

The combination of falling crypto prices and stress on the companies built around the assets are the latest signs that the industry is cracking

Cryptocurrencies continued declining on 17 June, two days after the Federal Reserve stepped up the pace of interest-rate increases.

Bitcoin, the largest digital coin, fell more than 1% to $20,933, a loss of 30% in the past seven days. Ethereum was down 3%. Avalanche and solana were both down about 1%.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire