Uniglo (GLO) Marvellous Price Surge Could Lead To Massive Gains Like Bitcoin (BTC) And Ethereum In Late 2021

Many people first get into crypto because they hear stories about the huge gains Ethereum and Bitcoin once made. While these are still strong investments, it might be too late to make gains with them again.

Timeline of Bitcoin, Ethereum,

The acrimonious debate in the US over crypto regulation continues to generate headlines, this time with Gary Gensler, head of the Securities and Exchange Commission (SEC), laser focused on Ethereum (ETH) now that the world's second largest cryptocurrency works under proof of stake (PoS). Pretty rude of Gensler, some might say, just as Etherum head honcho Vitalik Buterin was celebrating the successful protocol upgrade that marked one of the most important days in crypto history.

The crypto markets again turn greener ahead of the long-promised Vasil Hard Fork in a much similar way the markets recovered before the Merger. The Bitcoin price which underwent an 8% decline with the fresh increase in the Fed interest rates, has turned bullish ahead of the fork.

Bitcoin, the world's largest cryptocurrency has failed to gain upward momentum due to the Fed rates hike in sight and other macroeconomic factors. Meanwhile, a whale tracker has reported several Bitcoin accumulation transactions which suggest that whales are buying the dip.

The Philippine island of Boracay is known worldwide as the perfect summer vacation destination with its powder white beaches, thrilling water activities, and vibrant nightlife. These days, however, the island appears to be on its way to bagging another title as the Bitcoin Island of the Philippines with its growing crypto adoption.

Bitcoin (CRYPTO: BTC), the world's most valued cryptocurrency, traded higher, climbing above the $19,000 level this morning after the US Federal Reserve raised interest rates by 75 bps at its September meeting. The second-most valued cryptocurrency, Ethereum (CRYPTO: ETH), meanwhile, traded below the $1,300 mark.

In a recent interview with Cointelegraph, hedge fund co-founder CK Cheng stated that as long as regulation provides institutional investors with a clear path for crypto investments, they will not back off/sell.

Bitcoin reversed below $20,000 once more after the sell-offs that followed the completion of the Ethereum Merge. With the decline, the digital asset had revisited lows not seen in three months, giving credence to the bears during this time.

The crypto markets have hit new monthly lows of US$910bn, mainly due to an Ethereum that can't seem to catch a post-Merge break. Now changing hands at US$1,270, ETH has slashed over 20% from its market cap in the past week alone, with the bulls and bears fighting it out in equal measure throughout Thursday morning's trade.

Shark Tank celebrity investor Kevin O'Leary reportedly says that policies will impact investments in the digital asset space as he shares his optimism that US policymakers will be supportive of crypto.

Despite the back-and-forth stance towards crypto in Russia, serval Russian departments have reached a consensus that Bitcoin mining should be legalized in areas rich in electricity.