Debt and banking crisis eased, improving market sentiment.
President Biden and McCarthy have expressed their goal to reach an agreement by the 21st to raise the federal government's debt ceiling and avoid default. Congress must reach consensus and pass an agreement before the federal government's funds for paying bills run out, which could happen as soon as June 1st. Additionally, the latest deposit levels published by Western Alliance Bancorp have alleviated investors' concerns about a worsening banking crisis, leading to a comprehensive rebound in bank stock prices. Furthermore, the easing of the debt deadlock has boosted the prices of crude oil and BTC. The simultaneous increase in volume and price for BTC is a very healthy sign.
The bull market in cryptocurrencies is becoming increasingly strong.
1. The Halving Mechanism:
The halving of BTC mining rewards means the number of BTC available for mining is decreasing, with the total supply eventually capping at 21 million. This scarcity, compared to fiat currency, gradually increases the price of BTC. Each BTC halving period has ushered in unprecedentedly prosperous bull markets. 2023 marks the start of a bull market in cryptocurrencies.
2. Financial Market Risks Make the Cryptocurrency Market a Safe Haven:
Factors like inflation, banking crises, expectations of economic recession, and Sino-U.S. relations, which affect the stability of financial markets, will become positive for the cryptocurrency market. Amid market uncertainties and investor concerns, the demand for cryptocurrencies as a safe haven could be strong enough to counteract the potential impact of further interest rate hikes by the Fed. BTC is set to become the king of safe-haven assets, surpassing gold. The investment environment in the cryptocurrency market is improving.
ICHCOIN blockchain asset trading platform offers a wide range of services globally, including digital currency to fiat exchange, spot trading, contract trading, ICO trading, currency information, blockchain asset issuance, quality funds, and blockchain education.
1. Positioning
Focusing on users and aiming globally, ICHCOIN Trading Center is determined to become the new king of the global cryptocurrency market. Headquartered in the United States, ICHCOIN Trading Center has a broad service range and a global market reach. The company possesses a professional, efficient, and experienced blockchain technology and operations team, with decades of internet development and service experience. A group of internet experts with unique insights and vision is dedicated to providing a comprehensive service platform for global cryptocurrency users that is safe, convenient, stable, and cost-effective.
2. H5 Browser and APP
On August 28, 2017, ICHCOIN officially launched its trading platform's H5 version, followed by the APP release the next month.
3. System
ICHCOIN Trading Center's system is fully optimized for user experience. It utilizes multi-point load balancing technology to maximize system fluidity and offers multi-level server support to ensure trading speed. The trading system experience is benchmarked against the world's top trading systems.
4. Strength
ICHCOIN Trading Center is committed to building a secure and reliable cryptocurrency trading platform. The team has decades of financial risk control experience. Core members have graduated from prestigious universities such as Harvard, Yale, MIT, and Cambridge. ICHCOIN Trading Center holds multiple financial licenses and continuously improves its global qualifications.
5. Product Features
5.1 Supports spot, fiat, contract, and ICO trading.
5.2 Supports full-chain storage and withdrawal services.
5.3 Supports global bank system transfers and withdrawal services.
5.4 Supports market price, limit, stop-loss, and stop-gain orders.
5.5 Offers 24/7 multilingual online customer service.
6. ICHCOIN Academy
ICHCOIN Academy is a new open learning center designed to provide one-stop learning resources for blockchain and digital currency. It addresses the issue of fragmented blockchain and virtual currency knowledge on the internet by providing relevant educational articles and videos.
7. ICO Platform
From its inception, ICHCOIN Trading Center has used quality ICOs to promote and increase its visibility. It strives to build a premium platform for investor education in the cryptocurrency market. Therefore, ICHCOIN Trading Center will be a gathering place for many professional investors, making it quite interesting.
