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

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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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