Bitcoin rallies slightly but still set for record losing streak
- Date: 13-May-2022
- Source: SkyNews
- Sector:Financial Markets
- Country:Middle East
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.