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       National forecast for Wednesday, October 21 Janice Dean has your FoxCast.

       The latest tropical system rapidly intensified over the last 24 hours into a hurricane as the storm is now forecast to approach Bermuda on Thursday.

       The National Hurricane Center (NHC) said that Hurricane Epsilon now has maximum sustained winds of 90 mph, and is located about 405 miles east-southeast of Bermuda, moving west-northwest at 12 mph.

       "Some additional strengthening is possible today, followed by little change in strength into the weekend," the NHC said.

       TROPICAL STORM EPSILON FORECAST TO BECOME HURRICANE, PASS NEAR BERMUDA

       The storm became a hurricane late Wednesday night, then "rapidly intensified" in the overnight hours, according to the NHC.

       Hurricane Epsilon rapidly intensified over the last 24 hours. The storm is forecast to move east of Bermuda over the coming days, but still bring impacts to the island. (NOAA/GOES-East)

       Eric Blake, a senior hurricane scientist at the NHC, tweeted the storm had developed at "nice eye," and can be added to the "long list" of rapidly intensifying hurricanes so far in 2020.

       Wind speeds increased from 85 mph to 90 mph by 11 a.m. EDT but the storm still remains a Category 1 hurricane, according to the NHC.

       Epsilon is forecast to continue heading west-northwest before making a turn to the northwest by Wednesday night and a northward turn by Thursday night.

       "On the forecast track, the center of Epsilon is forecast to make its closest approach to Bermuda Thursday afternoon or evening," the NHC said.

       Epsilon will be moving east of Bermuda over the next few days, but the island will still see some impacts.

       The forecast track of Hurricane Epsilon. (Fox News)

       Hurricane-force winds extend outward up to 25 miles from the center of the storm, while tropical-storm-force winds reach up to 435 miles, mainly north of the center.

       TROPICAL STORM EPSILON FORMS IN ATLANTIC, BECOMES 26TH STORM OF 2020 HURRICANE SEASON

       A tropical storm warning has been issued for Bermuda, where officials said conditions will deteriorate on Thursday as the storm makes its closest approach.

       Dangerous surf is also expected along the coasts of Bermuda, the Bahamas, the Greater Antilles, and the Leeward Islands.

       "These conditions are expected to spread to portions of the east coast of the United States and Atlantic Canada during the next couple of days," the NHC said.

       Epsilon represents a record for the earliest 26th named storm, beating out Nov. 22 in 2005, according to Colorado State University hurricane researcher Phil Klotzbach.

       There is just over one month left in the 2020 Atlantic hurricane season, which ends Nov. 30, but this season has broken numerous recorrds as forecasters in September ran out of traditional names and went to the Greek alphabet for storms Alpha and Beta. Delta became a Category 4 storm before weakening and swiping Mexico, then took aim and roared into Louisiana as a Category 2 hurricane.

       Where we are currently with tropical activity and the 2020 Atlantic hurricane season. (Fox News)

       NOAA forecasters had called for up to 25 named storms this season with winds of 39 mph or higher; of those, seven to 10 could become hurricanes. Among those hurricanes, three to six will be major, classified as Category 3, 4 and 5 with winds of 111 mph or higher.

       That's far above an average year. Based on 1981-to-2010 data, that is 12 named storms, six hurricanes, and three major hurricanes.

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       So far this year, there have been 26 named storms, including 10 hurricanes, and of those, three major hurricanes.

       A look at the Greek alphabet names that are being used for the 2020 Atlantic hurricane season, after the hurricane center ran out of official names due to the number of storms. (Fox News)

       The last time the Greek alphabet was used in the Atlantic was in 2005, the year of Hurricane Katrina. With a total of 27 storms that year, the first six letters of the Greek alphabet were used: Alpha, Beta, Gamma, Delta, Epsilon and Zeta.

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       Fox News' Adam Klotz contributed to this report.