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Bitcoin News Roundup for Aug. 18, 2020
With bitcoin's exchange reserves at a 20-month low and its hashrate getting soaked in Sichuan, CoinDesk's Markets Daily is back for your latest crypto news roundup!
Updated Sep 14, 2021, 9:45 a.m. Published Aug 18, 2020, 4:00 p.m.
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With bitcoin's exchange reserves at a 20-month low and its hashrate getting soaked in Sichuan, CoinDesk's Markets Daily is back for your latest crypto news roundup!
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This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today's stories:
Bitcoin Holding Sentiment Strongest in Nearly Two Years
The amount of bitcoin held on crypto exchanges is down to a 21-month low, a sign investors are feeling bullish.
Bitcoin Passes $12K, Dollar Worries Grow, OMG Jumps, Portnoy's Orchid #Pump
It's been a busy time with bitcoin rising to a new key level, Warren Buffett buying a gold miner and ethereum classic's possible delisting.
Heavy Rainstorms in China Are Hurting Bitcoin's Hashrate
Major Chinese bitcoin mining pools are each seeing daily hashrate drops of between 10% and 20% following continuous rainstorms in Sichuan.
Binance Charity Pledges $20K to Beirut Explosion Relief Efforts
Binance's charity arm is donating $20,000 to the victims of an explosion that rocked Lebanon's capital earlier this month.
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Bearish sentiment prevails as bitcoin falls below $67,000, ether drops
Bitcoin and ether extended declines, dragging down crypto-related stocks, even as gold and silver rallied.
What to know:
- Bitcoin and ether extended declines, dragging down crypto-related stocks, even as gold and silver rallied.
- Derivatives data show an extended deleveraging in bitcoin futures, with negative funding rates, cooling institutional demand and elevated options skew signaling defensive positioning despite some bottom-fishing.
- Onchain lender Spark debuted new institutional products that link offchain, custodied assets to DeFi markets, helping manage over $9 billion in stablecoin liquidity as its SPK token outperforms the broader crypto market.
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