In a report published by the International Monetary Fund (IMF); It was stated that the collapses in the crypto market are not a concern for financial stability.
The pandemic process, which has been experienced intensively for 2 years, and the problems arising from the Ukraine war caused problems such as high inflation and recession. However, the decline in the cryptocurrency markets is not a concern in terms of financial stability, according to the IMF.
IMF: Recession Is Not Affecting Crypto Market
There was a 4% decrease in the crypto money market with the decline and the resulting sales pressure with the news of Tesla’s disposal of Bitcoins (BTC).
In the statement made by the IMF for the crypto market, which fell to the level of $ 966 billion; He stressed that the dramatic sell-offs, which led to huge losses, were rather limited in their diffusion into the wider financial system.
In the cryptocurrency market, which is not seen as alarming by the IMF, over 74 thousand liquidations have occurred in the last 24 hours. While the liquidation amount exceeded $209 million; The first two exchanges with the highest liquidation amount were Okex and Binance, respectively.
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