2017.04.2722:52:00UTC+00Bitcoin Rallies Past $1,300 amid Investor Woes

Bitcoin surpassed the $1,300 benchmark, closing into its all-time peak despite growing apprehensions among investors.

Certain investors have become increasingly concerned. The buy and sell ratio for the digital currency is stable almost evenly overnight, although with slightly higher sales than purchases. Data by Bitfinex showed there are about 6,000 more short positions than long ones on bitcoin.

The virtual currency's price has gained around 4.5% since the beginning of the week. Yesterday, it climbed to $1,306 on hopes American authorities would authorize a vital bitcoin product. It tumbled overnight but was able to go back to about $1,300.