Here's Where Bitcoin Use is Surging | Page 2 of 2 | ETF Trends

“Bitcoin transaction volumes on darknet markets rose throughout 2018 to an average of $2 million daily, nearly double the activity measured at the start of the year, according to Chainalysis,” reports Reuters.

Related: What Financial Advisors Are Saying About Cryptocurrencies

Overall, the total volume of bitcoin transactions on the darkweb actually declined last year due to increased law enforcement activity, a scenario that could increase this year.

“However several factors could disrupt the rise of bitcoin flows into these markets this year. These include more closures of markets by law enforcement and the movement of activity from these venues to encrypted messaging apps to avoid detection,” according to Reuters.

For more information on the cryptocurrency market, visit the Bitcoin category.