Bitcoin Struggles For Meaningful Recovery in Wake of Selloff — Market Talk
Bitcoin edges higher but its recovery remains weak in the wake of recent losses that saw the cryptocurrency fall below the key $100,000 level for the first time since June. Its struggle for meaningful gains comes after U.S. stocks fell overnight as private-sector jobs data from Challenger, Gray & Christmas showed October job cuts reached the highest level for the month in any year since 2003. However, stock futures are pointing to a higher open Friday. Bitcoin rises 0.8% to $101,933, having reached a four-and-a-half-month low of $98,992 Tuesday, LSEG data. It remains well below the Oct.6 record high of $126,223. ([email protected])