As global markets thrash, Bitcoin rockets up 6 percent
Bitcoin, the world’s most popular digital currency, has skyrocketed despite a floundering global market.
The currency dipped to $312 in November — after jumping more than 70% in October to $410 — but has steadily risen to more than $450 in the last two months.
Bitcoin was up 6 percent on Thursday morning, after opening at $429.
U.S. stocks, on the other hand, dropped sharply Thursday after continued overnight volatility in China.
Bitcoin is a relatively illiquid market, so its price is highly volatile.
For comparison, gold is up 1 percent but is down 10 percent compared to this time last year.