Crypto market faces more sell-offs and crashes with stablecoins particularly vulnerable, IMF says

By Hamza Fareed Malik Crypto could be further battered and experience more sell-offs and collapses, esepcially stablecoins, as the crypto crash hits the market, the International Monetary Fund said. “We could see further selloffs, both in crypto assets and in risky asset markets, like equities,” Tobias Adrian, Director of Monetary and Capital Markets for the IMF, said in an interview with Yahoo Finance. He said a recession could cause further price drops for cryptocurrencies, as a gloomy economic outlook dents confidence. “There could be further failures of some of the coin offerings, in parti…

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