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!

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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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