Bitcoin (BTC) refused to surrender gains at the Jan. 23 Wall Street open as United States equities opened higher.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDollar sags as risk assets reject retracement
The pair had managed to conserve its trading range over the weekend, with a local low of $22,315 allowing bulls to avoid a major setback.
The mood remained buoyant among risk assets on the day, with the S&P 500 up 1.3% and Nasdaq Composite Index trading 2% higher.
Gold, too, disappointed those hoping that a retracement would set in after weeks of impressive returns, something analyst Alisdair McLeod put down to classic principles of supply and demand.
“Attempts to knock back