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By
Renae Dyer, Dow Jones Newswires
Bitcoin was edging higher but its recovery remained weak in the wake of recent losses during which the cryptocurrency fell 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 rose 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.
