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Stablecoin TerraUSD Continues Downward Spiral; Bitcoin Gains

Stablecoin TerraUSD Continues Downward Spiral; Bitcoin Gains

The largest cryptocurrencies showed signs of recovery following a roughly weeklong selloff, while beleaguered stablecoin TerraUSD continued to tumble.

Bitcoin was up about 4.3% Friday from its 5 p.m. ET level Thursday, trading around $29,800.33, after falling below $26,000 Thursday. Ether, the second-largest cryptocurrency by market value, rose 6.2%.

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