Bitcoin Struggles For Meaningful Recovery in Wake of Selloff
November 7, 2025
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.
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