Bitcoin is on the rise, and it has passed the $60,000 mark twice this year. Bitcoin's rise has been remarkable, with resistance levels at $56,400 dollars and $57.300 dollars being demolished. In the three-and-a-half months following the June crash, the world's largest cryptocurrency has more than doubled in value. Since then, the recovery has been strong.
The October boom has continued and, at the time of writing this article the World Coin Index currently shows that Bitcoin's value is $61,820. Redot has shown that the Bitcoin Index reached $62,122, while the lowest was $61,124. This dramatically increases the crypto market capital. Due to rising prices, crypto trading is on the rise.
SEC's Office of Investor Education & Advocacy tweeted on October 14th: "Before you invest in a fund holding Bitcoin futures contracts," In other words, it is clear that funds that hold Bitcoin futures contracts will be given the green light by the SEC.
The DeFi market is growing
Although we know that the crypto market is in constant flux, the World Coin Index shows that decentralized finance or DeFi has been growing steadily since late 2019. Here's how stablecoins can limit volatility in cryptocurrencies:
DeFi technology has eliminated the need for intermediaries and replaced them with smart contracts. This allows the creation of low-cost contracts that do not require the involvement or participation of third parties.
Market that was virtually non-existent just a few years back has seen a huge rise in the past few months.
Although it only represents a small fraction of the crypto market, it attracts a lot of competition, which shows its importance.
The DeFi market offers huge growth opportunities.
It should directly look to central markets for direction and ideas.
Despite the large number of crypto-exchanges, there has been an increase in consolidation.
The platforms that attract the largest number of users from emerging markets will eventually rise to prominence.
The TVL to platforms like Uniswap or Aave has increased from $1 billion up to $88 billion after May 2020.
Defi has seen some amazing things, aside from the market crash that occurred after the peak.
These include new token models, new structures and next DeFi protocol networks, platforms, DApps, and DeFi protocols networks.
What is the relationship between Bitcoin Dominance and Altcoin Market?
The Bitcoin dominance and Bitcoin Index are two good statistics to measure the wider crypto market. The only cryptocurrency with a market share above 100% was Bitcoin. Altcoins such as Ethereum and Litecoin have taken away the absolute monarchy.
Bitcoin's dominance in crypto markets was 40% a few months back, but it has since risen to 50% with heavy investments. Money flows from the most risky asset to its least. Investors often put their money in Bitcoin and it serves as a gateway into the crypto market. New investors make large profits in the bull market. The bull market ends and the profits go into altcoins like Polkadot, Ethereum, and others. This causes altcoin prices to rise and BTC's value to fall. This is very interesting, and we wonder what the next alt season will bring.
Bitcoin's price is higher when more money flows into it than the price for altcoins. Bitcoin's dominance drops when money is poured in to altcoins.
Top altcoin losers and gainers
NUCypher, which has seen a record-breaking gain of over 435% in the past 30 days, and Wrapped Bitcoin (which saw a gain of 28.34% in one month) are the biggest winners in the top 100 coins. This completes the top ten. DYDX, Axie Infinity and SHIBA INU have all made significant gains in the top 100.
Top 100 losers include Houbi Token, which lost half of its value, and Synthetix, which lost a third. Filecoin, which has lost 24.48% and is now at 67.61 USD, will wrap up the top ten losers.
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If you want to avoid problems such as strokes and heart disease, there is an easy way.
Get more fruits and vegetables.
Whole grains are better than refined ones. Brown rice is better than white. Switch to whole-wheat pasta
Consider lean proteins such as poultry, fish and beans.
Reduce your intake of processed foods, sugar, salt, saturated fat, and other unhealthy food.
Flexibility is key to eating well, according to Joyce Meng, MD assistant professor at UConn Health's Pat and Jim Calhoun Cardiology Center. You can follow a strict diet plan if you prefer. It's okay if you don't like following a strict diet plan.
Tricia Montgomery (52), founder of K9 Fit Club knows firsthand the benefits of a healthy diet and lifestyle. Her favorite things are eating healthy food and making small, frequent meals. She says, "I don’t deny myself anything." "I still enjoy dessert, key lime pie, yum!" -- I love frozen gummy bears and moderation is the key.
Get regular checkups. Your doctor will keep track of your medical history so that you can stay healthy. If you are at high risk of osteoporosis (a condition that weakens bones), your doctor may recommend more vitamin D and calcium.
You may be recommended by your doctor to have screening tests done to monitor your health and detect conditions before they become serious.
Be open to communication. Meng said, "If you have any questions, ask your doctor." "Ensure you are satisfied with the information." Talk to your doctor if you have concerns about any medication or procedure.
It can be very detrimental to your health. It is impossible to avoid it all, but there are ways you can reduce the effects. Do not take on too many responsibilities. Set limits for yourself and others. It is okay to say no.
To relieve stress, try:
Talking to a friend or family member.
Develop healthy habits
You can prevent problems from coming your way tomorrow if you make the right decisions today.
Brush your teeth twice daily and floss each day.
Limit your alcohol. Limit your alcohol intake to 1 drink per day.
Take your medication exactly as prescribed by your doctor.
Get better sleep. Try to sleep for at least 8 hours. Talk to your doctor if you are having trouble sleeping.
Keep out of direct sunlight between 10 a.m. and 3 p.m.
Wear your seatbelt.
Meng suggests that you take time each day to invest in your own health.
Montgomery was able to see the benefits. Montgomery says that she has overcome health issues, is happy, and has a positive outlook. She says that her life has been forever transformed.