Bitcoin is ready to celebrate its twelfth "birthday" with growth
In October it rose by more than 25% and may close the month with the maximum growth since April.
October 31, 2020 will be exactly 12 years since Satoshi Nakamoto published a white paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" for crypto mailers, writes ttrcoin.
Actors Charlie Sheen, David Hasselhoff, Hassan Johnson, actress Carol Baskin, comedians Gilbert Gottfried and Doug Benson, rappers Soulja Boy and RZA, and radio host Charlamagne tha God recorded a video in which they congratulated bitcoin on its upcoming birthday.
The video was posted on the YouTube channel of Halborn, a company specializing in blockchain security services.
In other news. According to analytics platform Skew, the options market estimates the probability of bitcoin rising above $20,000 by the end of the year at 6%.
The number of unconfirmed bitcoin transactions exceeded 100,000 for the first time since the end of 2017. At the same time, the hash rate fell below 100 EH/s for the first time since June of this year. The consequence of these factors was an increase in the average commission value, which, according to BitInfoCharts, now stands at $11.67, which is also the largest level since the beginning of 2018.
Analysts suggest that the decrease in hash rate due to the end of the rainy season in the popular regions of China with miners and the movement of equipment to other points in the country.
Gazprombank (Switzerland) Ltd, a Swiss subsidiary of Gazprombank, is ready to offer its clients cryptocurrency services. The Swiss Financial Market Supervisory Authority (FINMA) granted the company permission to do so.
"If bitcoin closes the week and month near $14K, it will clear the way for a move all the way to $20K. The two-trillion-dollar support package being discussed now could revive demand not only in the stock market, but also in cryptocurrencies, which have proven to be a very profitable source of savings diversification in 2020," notes FxPro's analyst team.