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Bitcoin Recovers Slightly But...

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Bitcoin Recovers Slightly But Is Still Set For Record Losing Streak After Collapse Of A So-Called Stablecoin

RedFM News
RedFM News

06:13 13 May 2022


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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's rippled through markets with Bitcoin, the biggest cryptocurrency, hitting a 16-month low at one point.


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