bcm

CryptoQuant's analysis indicates that the Bitcoin on-chain metric BCMI continues to decline, currently falling below the equilibrium value but still above the historical bottom region. Analysts believe this suggests that the market is not only experiencing a cooling phase but is undergoing a structural reset through price and on-chain momentum.Historical data shows that the cycle bottoms in 2019 and 2023 formed when BCMI reached the range of 0.25-0.35. From a data perspective, the current market may be transitioning into a bear market phase rather than simply a pullback, with the market in a downward transition phase rather than a complete reset state.

ChainCatcher news, cryptocurrency exchange Kraken has announced the completion of its acquisition of Dutch crypto broker Coin Meester B.V. (BCM).Over the past two years, Kraken has accelerated its expansion in Europe, and is now able to provide VASP services directly or through partnerships in Germany, Spain, Italy, the Netherlands, Belgium, Ireland, France, and Poland.In the coming months, BCM customers will begin to benefit from Kraken's extensive product offerings, including over 200 digital assets, leading liquidity, high security standards, and 24/7 local language customer support.

ChainCatcher news, according to Cointelegraph, Kraken will acquire the Netherlands-based cryptocurrency platform Coin Meester B.V. (BCM) as part of its European expansion plan.Kraken's announcement emphasized its plans to develop business in Europe and has obtained a virtual asset service provider (VASP) license to operate in Ireland, Italy, and Spain.