![Why Enjin Coin's recent rejection spells bad news for the future [Video]](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/EnjinCoin/enjin-200x200-637526943678716042_XtraLarge.jpg)
Enjin coin traps Elliot Wave traders and could be heading south toward $0.02. Still ENJ has the potential to survive a crypto bear market. Please, subscribe to our YouTube channel, follow us on Twitter @FXScrypto and join our Telegram channel.
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FXStreet Team
FXStreet
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Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).
Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.
Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.
Lighter’s LIT token has not yet begun open trading, but the market has already drawn a sharp line around its valuation after Tuesday's airdrop.
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Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.