As global markets flounder, Bitcoin rockets up 6%
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 percent 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, opened sharply lower 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 with this time last year.
Via: http://www.cnbc.com/2016/01/07/as-global-markets-flounder-bitcoin-rockets-up-6.html
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