BTC's Price at 18-Month Low; Atmos Labs Prepares for P2E Metaverse
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The broader crypto market took a dive on Monday alongside U.S. stocks, which plunged deep into the bearish territory. Concerns over even more drastic tightening measures intensified with the talk of a 75bps hike at the FOMC meeting this coming Wednesday. The Celsius liquidity crunch piled on to the massive disappointment for the crypto market, which accelerated BTC's price drop to an 18-month low. The largest cryptocurrency by market cap is currently below the $22k handle and the 100 hour moving average after shedding 14.5% of its market value in the last 24 hours. A bearish trend line with a resistance level near $22.1k is taking shape on BTC's hourly chart, a level that must be defended to avoid further losses.