crypto bear The IMF WARNING! Crypto Market Could See "Further Selloffs"

The IMF WARNING! Crypto Market Could See “Further Selloffs”

-The crypto market is trading in the green with Bitcoin and Ethereum pushing beyond critical resistance levels.

-In order to get more clarity in terms of direction, Bitcoin must close the daily candle above $23,000 and Ethereum above $1,700.

-Tobian Adrian, Director of Monetary and Capital Market for the International Monetary Fund (IMF) predicted more losses in the nascent asset class.

-Adrian believes that the collapse of a stablecoin could fuel another leg down.

-The IMF official spoke about the potential risk of economic recession.

-This is probably one of the biggest obstacles for the nascent asset class in the coming months along with macro-economic conditions.

 

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