Bitcoin

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Hey folks! It has been over 24 hours since Bitcoin made another milestone. Crossing over $106K, the coin has broken potential challenges and has surged, arousing investor interest. With the Fear and Greed Index at 81, indicating extreme greed, the market is geared up for a massive rally.Notably, with its surge, the coin surpassed <a href="https://cryptotale.org/bitcoin-hits-106k-overtakes-gold-in-key-metric-report/" rel="noopener noreferrer nofollow">gold </a>in key metrics. According to the Bitcoin-gold ratio, the coin increased by 40 ounces. The ratio is the price of Bitcoin divided by the spot price of gold. This will show the amount of ounces of gold required to buy one Bitcoin. Based on Monday&#39;s report, an ounce of gold is $2,664. Market observers stated that if Bitcoin persists, the next target would be 89 ounces of gold.As Bitcoin made another achievement, MicroStrategy&#39;s (MSTR) founder, <a href="https://cryptotale.org/bitcoin-soars-to-106k-michael-saylor-eyes-another-purchase/" rel="noopener noreferrer nofollow">Michael Saylor</a>, hinted at another purchase. Since 2020, Saylor has been acquiring Bitcoin and has accumulated nearly 423,650 Bitcoins worth $25.6 billion, each priced at $60,324. Just last week, Saylor bought about 21,550 Bitcoins for $2.1 billion. Each BTC was priced at $98,783. Considering Bitcoin as a ‘digital capital,’ the MSTR founder buys the crypto at every given opportunity.<a href="https://cryptotale.org/the-blockchain-bulletin-dec-17-justin-suns-53k-eth-purchase-sparks-hope/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

The Blockchain Bulletin, Dec 17: Justin Sun's 53K ETH Purchase Sparks Hope

CryptoTale

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