Crypto world stabilizes, bitcoin rallies after stablecoin slide

  • Bitcoin hits intra-day high above $30,000
  • TerraUSD collapse shakes crypto market
  • Analysts say impact on traditional markets limited

HONG KONG/LONDON/NEW YORK, May 13 (Reuters) – Cryptocurrencies steadied on Friday, with bitcoin recovering from a 16-month low after a volatile week dominated by the collapse in value of TerraUSD, a so-called stablecoin.

Crypto assets have been swept up in broad selling of risky investments on worries about high inflation and rising interest rates. But broader…


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