Bitcoin Struggles For Meaningful Recovery in Wake of Selloff

Group 1 - Bitcoin is experiencing a weak recovery after falling below the key $100,000 level for the first time since June, currently edging higher at $101,933, which is a 0.8% increase [1][2] - The recent decline in Bitcoin's value follows a significant drop in U.S. stocks, with private-sector job cuts in October reaching the highest level for that month since 2003, as reported by Challenger, Gray & Christmas [2] - Bitcoin's current price remains significantly below its record high of $126,223 reached on October 6, indicating ongoing volatility in the cryptocurrency market [2]