Bitcoin on recovery path while stocks decline on jobs data, Fed minutes 

Bitcoin recovered losses from earlier in the week while stocks struggled to maintain their fourth quarter momentum. Analysts say uncertainty from the Federal Reserve on the pace of rate cuts in 2024 and optimism about the timeline for approval of a bitcoin exchange-traded fund are to blame. 

Bitcoin (BTC) was trading 1.5% higher over the past 24 hours Thursday morning, rebounding from the decline that saw the cryptocurrency drop as much as 8% Wednesday. Ether (ETH) was also back in the green, gaining about 2% Thursday. 

The Nasdaq Composite headed for its fifth straight day of losses Thursday at the start of the trading session while the S&P 500 traded sideways. The Nasdaq Composite…

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