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Total Value of Bitcoin Sent to Darknet Markets Increased by 70% in 2018: Report

Published 01/19/2019, 07:58 AM
Updated 01/19/2019, 09:01 AM
Total Value of Bitcoin Sent to Darknet Markets Increased by 70% in 2018: Report

During last year the value of Bitcoin (BTC) sent to darknet markets increased by 70 percent, according to a Chainalysis report published on Jan. 18.

The Chainalysis report points out that darknet activity is relatively not influenced by Bitcoin’s price action and does not necessarily drop when the price drops. According to the data contained in the report, in 2018 the relationship between the value of darknet market transactions and Bitcoin’s market performance was inverse.

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