IMF global outlook suggests dark clouds ahead for crypto
The IMF has forecast economic growth to slow from 6.1% last year to 3.2% in 2022, which some believe will have negative consequences for crypto. Investors are warning of further volatility in the digital asset markets as the International Monetary Fund (IMF) forecasts a slowdown in global economic growth.The IMF’s July update on the World Economic Outlook titled “Gloomy and More Uncertain” points to “higher-than-expected inflation,” and a contraction of global output as indicators of incoming poor economic growth. The report states in succinct terms that there are likely economic slowdowns....
Related News
Bitcoin price is stuck at around $46,000 unable to push higher despite some strong momentum and buying at its back. The reason for the resistance, is because the leading cryptocurrency by market cap has its head caught in the clouds. Once these clouds part, however, it could lead to a lot sunnier days across the cryptocurrency market once again. Bitcoin Price Stuck In The Clouds, Puts Rally On Ice Bitcoin price has whipsawed back and forth by more than 50% during 2021. The most recent recovery from lows has momentum behind it, but has taken a pause at the current level. The area where the....
Bitcoin is trading a few thousand above its former peak at $20,000, but the spark of a new altcoin season hasn’t yet arrived in the crypto industry. One reason for the delay of the bullish advance is because the total altcoin market cap has gotten itself stuck in the clouds. But as soon as the […]
Interestingly enough, the most commonly purchased drugs are not what people would assume. LSD, Cannabis, MDMA, and novel substances mark the top five of purchased narcotics on the dark net. The dark net has always been one of those places where Bitcoin is most commonly used for transactions. Although the dark net is filled with marketplaces where illegal goods and services are bought and sold, it always played a key role in Bitcoin usage. A new survey shows how more people shop for drugs on the dark net, which is not overly positive news for Bitcoin enthusiasts. The Global Drug Survey 2016....
A storm monthly of April is now in the past, and although the forecast was looking glooming for Bitcoin for a while there, bulls are breaking through the clouds and it could blossom another bullish impulse higher. Here’s a closer look at the technical Indicator that suggests the top crypto is back to bull mode […]
The head of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the global economic outlook “has darkened significantly,” emphasizing that, regarding a global recession, “we cannot rule it out.”
IMF Says Global Economic Outlook ‘Has Darkened Significantly’
Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), discussed the global economic outlook and the prospect of a global recession in an interview with Reuters Wednesday.
Commenting on the global economy, the IMF....