As global markets thrash, Bitcoin rockets up 6 percent

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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.

Sarah Whitten

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