After Rocky Week Shakes Stablecoins, the Worst Could Be Over For Cryptos

Bitcoin, the second largest cryptocurrency in terms of market value, increased by 6.48% to $2,051 . The overall market capitalization of the crypto industries increased by 6.6% to $1.35 trillion on Friday .

Cryptocurrencies decreased dramatically on Friday, with bitcoin recovering from a 16-month low after a turbulent week marked by the decline in the value of TerraUSD, a so-called stablecoin, last week.Bitcoin, the second largest cryptocurrency in terms of market value, increased by 6.48 percent to $2,051, according to data tracker CoinGecko.Since May 9, it has remained de-pegged from the US currency, according to CoinGecko reports.The overall market capitalization of the crypto industries increased by 6.6% to $1.35 trillion on Friday.The cryptocurrency crash has had no effect on broker financial markets.