Coindesk

Travala.com, the holiday website that allows users to pay with cryptocurrency, is in talks with potential buyers after receiving an unsolicited takeover approach late last year, according to two people with knowledge of the matter.The Binance-backed company received an inquiry, triggering outreach by Travala's advisers to major online travel agencies such as Booking.com, one of the world's largest online travel companiesBooking.com "kicked the tires" before deciding to pass on a potential acquisition, said the people, who spoke on condition of anonymity because the matter is private. Talks, however, are in progress with other potential buyers, but there is no certainty a deal will be done and the company may choose to remain independent, the people said.Travala declined to comment. A...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3657.28, down 7.0% (-274.43) since 4 p.m. ET on Friday.None of the 20 assets are trading higher.Leaders: BTC (-4.1%) and BCH (-4.9%).Laggards: UNI (-14.4%) and RENDER (-12.5%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

As East Asia prepares to shut down for the Lunar New Year holiday and looks towards the Year of the Snake, it’s time to look back at bitcoin (BTC) and the CoinDesk 20 (CD20)’s performance during the Year of the Dragon.Hong Kong-based brokerage CLSA has an annual tradition of forecasting the market’s performance in the coming year based on the lunar cycle, and with a few minor tweaks, it’s as applicable to crypto as it is to traditional markets.Looking back at last year, the market sorcerers were right on the money. Bitcoin is up 137%, while the CoinDesk 20 (CD20), an index tracking the largest digital assets, is up 128% in the last year. This crypto rally is largely thanks...

By Omkar Godbole (All times ET unless indicated otherwise)Last week, we described bitcoin above $100,000 as a coiled spring ready to unleash energy in either direction. Unfortunately for the bulls, that energy is being released downward as market sentiment shifts in response to concerns over the impact of the low-cost Chinese AI startup DeepSeek on the U.S. AI sector and American technological leadership.Bitcoin plummeted to $97,800 during Asian trading hours, with whales driving prices lower to liquidate overleveraged buyers on perpetual futures exchanges. GPU-heavy AI tokens saw sell-offs of up to 40%, with similar pressure affecting GameFi assets. Nasdaq futures tanked 700 points, with shares in chipmaker Nvidia (NVDA) indicated 10% lower in pre-market trading. DeepSeek-R1 is expected to significantly...

Bitcoin (BTC) fell just below $98,000, a near 10% drawdown from all time highs, with investors questioning the continuation of the bull run. The fall was attributed to the concerns about China's DeepSeek Artificial Intelligence hyper-efficient model competing with the U.S. industry at a fraction of the cost.Since President Trump won the U.S. election, bitcoin has jumped from $66,000 to new all-time highs of $109,000. During the rally BTC corrected as much as 15% twice, in addition to multiple double-digit drawdowns. Therefore, bitcoin's 10% drop seems in line with previous drawdowns.A reliable indicator of support during a bull market is the short-term holder cost basis, which is the average on-chain cost for coins that have moved within the last 155...