Bitcoin rallies slightly but still set for record losing streak

Bitcoin rallies slightly but still set for record losing streak

Bitcoin has recovered slightly, but is still set for a record losing streak after the collapse of a so-called stablecoin.

Crypto-assets have taken a pounding after a digital token called Terra - supposed to be pegged to the US dollar - crashed in value.

The impact has rippled through markets with Bitcoin, the biggest cryptocurrency by total market value, hitting a 16-month low at one point.