Bitcoin Price Prediction – Can BTC Surge 20% Today?
Bitcoin is trading slightly bullish at $19,223 during the European session, having bounced off the support area of $19,000. On October 22, the BTC/USD started the day at $19,175 and fluctuated between a high value of $19,191.00 and a low value of $19,125.
A slew of fundamentals seem to be under BTC demand. Can we expect BTC to surge by 20%? Let's find out.
The German fintech N26, which is worth $9 billion, has added cryptocurrency trading to its mobile app. N26 Crypto's users will be able to buy and trade 200 cryptocurrencies, including Bitcoin and Ether, beginning in Austria and expanding to other countries in the coming months.
According to the Berlin-based fintech, the Austrian launch responds to "high local demand," with 40% of N26 customers actively trading or expressing interest in cryptocurrencies.
In the next six months, N26 plans to expand its cryptocurrency trading service to a number of new markets. Customers with verified identities can access N26 Crypto via the "Trading" section of their N26 app's brand-new "Finances" tab.
As a result, users can buy cryptocurrency with their fiat bank account. Standard accounts have a transaction fee of 1.5% for Bitcoin and 2.5% for other currencies, with additional discounts available to owners of N26 metallic cards. The news is good for the entire cryptocurrency market, especially BTC.
Energy issues in North America and Europe, combined with the current state of the market, predict another disappointing quarter for Bitcoin mining companies on both continents. The Hashrate Index's most recent Q3 mining report identified several variables contributing to a significantly lower hash price and higher cost to mine 1 BTC.
Because of the drop in hash price, several miners using
Read more on cryptonews.com
