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Bitcoin set for record losing streak after ‘stablecoin’ collapse

Bitcoin set for record losing streak after ‘stablecoin’ collapse

SINGAPORE/HONG KONG/LONDON: Cryptocurrencies nursed large losses on Friday, with Bitcoin back above $30,000 and but still set for a record losing streak after the collapse of TerraUSD, a so-called stablecoin, rippled through cryptocurrency markets, according to Reuters. Crypto assets have also been swept up in broad selling of risky investments on worries about high inflation and rising interest rates.




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