IMF Warns of Further Crypto Selloffs and More Coins Failing

IMF Warns of Further Crypto Selloffs and More Coins Failing


A director with the International Monetary Fund (IMF) has warned of further selloffs in both crypto assets and equities. He further warned that more crypto tokens could fail.

IMF Foresees More Crypto Selling Pressure

Tobias Adrian, director of Monetary and Capital Markets for the International Monetary Fund (IMF), warned about further selling pressure in the crypto market and more crypto token failures in an interview with Yahoo Finance Wednesday.

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He said:

We could see further selloffs, both in crypto assets and in risky asset markets, like equities.

“There could be further failures of some of the coin offerings — in particular, some of the algorithmic stablecoins that have been hit most hard, and there are others that could fail,” he detailed. The IMF director

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