Crypto exchanges 11.06: Bitcoin recovers above 62,000

Thursday, 11 June 2026, in the Baltic and Nordic crypto sector was marked by a market recovery after the previous day's decline and by the continued countdown on regulation. Bitcoin clawed back part of its losses and climbed back above the USD 62,000 mark, while the region's exchanges keep preparing for the end of the MiCA transition period, now just 19 days away.

Market: Bitcoin recovers above USD 62,000

After Wednesday, when Bitcoin slipped below USD 61,000 and hit its lowest opening price since October 2024, Thursday brought the opposite move. Bitcoin opened at roughly USD 61,456 and, during US morning hours, climbed to around USD 62,860, at times briefly clearing the USD 63,000 mark. Ethereum, which opened at USD 1,620, that is 1.1 percent lower than the day before, recovered to about USD 1,660 by the morning.

The bounce does not change the weekly picture, however - both of the largest cryptocurrencies are still trading close to their lowest levels in recent months. Market attention remains fixed on the US Federal Reserve meeting on 17 and 18 June, the outcome of which will largely set the tone for risk assets in midsummer. Until then, short-term swings in both directions remain a likely scenario.

Norway: transition period aligned with the EU deadline

On the Nordic regulatory front, attention has turned to Norway. The Norwegian Financial Supervisory Authority, Finanstilsynet, has extended the crypto-asset transition period by six months - from the original 30 December 2025 to 30 June 2026. Norway's deadline now coincides with the end of the MiCA transition period across the entire European Economic Area.

The reason for the extension is practical: the number and complexity of CASP licence applications turned out to be greater than initially expected, and some applications could not have been fully processed by the old deadline. The main Norwegian exchanges, including Firi, Bare Bitcoin, K33, NBX and Tyr Markets, have already filed their licence applications. Firi, the largest Nordic exchange with more than 400,000 users, has already obtained its MiCA licence and is preparing to enter Sweden, which will become its third market after Norway and Denmark.

MiCA: 19 days until the end of the transition period

There are 19 days left until the end of the MiCA transition period on 30 June. After that date, every company offering crypto-asset exchange, custody or other services in the European Union and the European Economic Area must hold a full Crypto-Asset Service Provider (CASP) licence, with no exceptions. ESMA has repeatedly stressed that operators without a licence must prepare immediately executable wind-down plans in good time to protect client funds.

The Baltic picture remains unchanged. Latvijas Banka has issued four CASP licences, the most recent granted to Neverless at the end of May, while Estonia's Finantsinspektsioon has still not issued a single full MiCA licence. In Lithuania, where the national transition period ended back on 1 January, the Bank of Lithuania continues to prepare technical measures against unlicensed operators.

Nordics: cross-border expansion continues

Competition among the region's exchanges keeps up its high pace. Finland's Coinmotion, the first Finnish company to hold a FIN-FSA MiCA licence, has opened its platform to Swedish customers. Sweden's Safello, the first Swedish exchange with a full CASP licence, has launched operations in Finland, while another Finnish exchange, Northcrypto, obtained a MiCA licence for custody and execution services last November and has applied to expand into trading services. The MiCA passporting principle, which allows a single licence to operate across the entire European Economic Area, is turning this cross-border movement into the new norm.

What to watch in the coming days

In the coming days, three things stay in focus: the weekly updates to ESMA's interim CASP register, possible licensing announcements from the region's regulators before the 30 June deadline, and the market's reaction to the upcoming US Federal Reserve meeting. Investors using Baltic or Nordic crypto exchanges are still advised to check their operator's MiCA licence status in the ESMA register or on the national regulator's list before the deadline arrives.

Sources

• Yahoo Finance - Bitcoin and ethereum prices today, Thursday, June 11, 2026: Prices lifting off low opening figures
• Fortune - Current price of Bitcoin for June 11, 2026
• Kaupr - Transition scheme for crypto exchanges in Norway is likely to be extended by six months
• Wintherlaw - The Norwegian FSA Proposes Extending MiCA Transition Period to June 2026
• Kaupr - MiCA in the Nordics and Baltics: Who Has a Crypto Licence?
• ESMA - Markets in Crypto-Assets Regulation (MiCA) overview

This article was prepared with the assistance of artificial intelligence. The content was fact-checked and edited by Toms Ābeltiņš. This article should not be considered investment advice.