Bitcoin battles 2-month resistance amid ‘most hated’ stocks rally
Risk assets surge higher after U.S. inflation data, but belief in a sustained uptrend emerging is hardly anywhere to be seen.
![image Cointelegraph](https://image.coinlive.com/24x24/cryptotwits-static/467d29fe79a2f9079d089e9a1863658f.jpeg)
Risk assets surge higher after U.S. inflation data, but belief in a sustained uptrend emerging is hardly anywhere to be seen.
A lack of immediate retaliation from China emboldens U.S. stocks as new research concludes that the market is becoming increasingly "risk-on."
Anthony Pompliano made similar remarks on Monday, noting that Bitcoin’s “value and price are diverging” and that “weak hands are selling to strong hands.”
The United States GDP readout for Q2 meets the definition of a recession, despite comments from both the Fed and lawmakers.