Bitstamp Gets EU License Under MiCA Crypto Rules
Cryptocurrency exchange Bitstamp has received a Crypto Asset Service Provider (CASP) license under the EU’s MiCA regulation from Luxembourg’s Commission de Surveillance du Secteur Financier. This license, combined with the European Passport, will allow Bitstamp to operate its trading platform, execute client orders, and provide crypto custody services across the European Economic Area. Bitstamp’s CEO emphasized the significance of the MiCA approval for providing a secure environment for European customers and highlighted the company’s ongoing commitment to regulatory compliance and investor safety. This CASP license adds to Bitstamp’s existing global portfolio of licenses and will enable the exchange to expand its product offerings in Europe.
Bitcoin price stood at $103,641 to $104,091 over the last hour on May 16, 2025, with a market capitalization of $2.05 trillion. The 24-hour trading volume totaled $31.98 billion, and prices fluctuated within an intraday range of $101,820 to $104,457 on Bitstamp. Bitcoin has been above the $100K range for a total of nine consecutive days.
From a technical standpoint, bitcoin’s daily chart reveals a pronounced bullish trend marked by a steep ascent from approximately $79,000 to the $105,000 resistance zone. This upward movement is accompanied by diminishing volume, suggesting hesitance among market participants at current levels. The tight-bodied candlesticks near this resistance indicate indecision, forming a potential distribution area. A breakout above the $105,000 level, particularly if confirmed by increased volume, would signal bullish continuation. Conversely, a retreat below the $100,000 threshold could encourage profit-taking or initiate a correction phase.
