Bitcoin Price Prediction as BTC Shoots Past $21,000, 20% Rally Incoming?
Bitcoin hasn't changed much during the European session and continues to consolidate near $21,190. Despite a light weekend, the Bitcoin price prediction remains bullish above the $21,000 level.
Fidelity Investments, a financial services firm, has officially launched its new cryptocurrency trading platform. The trading platform for small investors now provides commission-free cryptocurrency trading. The announcement demonstrates Fidelity's interest in cryptocurrencies.
The company made an early-access waitlist available to its users. Investors will be able to buy and sell Bitcoin (BTC) and Ethereum (ETH) through the Fidelity Crypto service and use the custodial and trading services provided by its subsidiary, Fidelity Digital Assets.
However, customers must maintain a minimum balance of $1 in their accounts to use the services. Fidelity is the third company to offer commission-free cryptocurrency trading, following Robinhood and Binance.
Retail investors could trade Bitcoin and Ethereum from their smartphones without incurring commission fees. Because traders can trade it without paying commission fees, it implies that the value of the BTC/USD pair will be influenced.
The Fed raised interest rates by 75 basis points on Wednesday, warning that further increases in borrowing costs would be required to combat inflation. The employment data from the United States will significantly impact the cryptocurrency market as a whole.
The US Federal Reserve may continue to raise interest rates because of the tightening job market, as the Bureau of Labor Statistics (BLS) reported that US Nonfarm Payrolls increased by 261,000 in October, exceeding predictions of 200,000.
Given that the US central bank has already raised rates by 0.75% for
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