Bloomberg: The use of Bitcoin Cash in mutual settlements is decreasing

Bloomberg reports that, according to the data provided by the blockchain analysis company Chainanalysis, the use of Bitcoin Cash for mutual settlements is declining sharply.

The price of Bitcoin Cash has fallen by 75% since the beginning of 2018. According to the data analysis of the cryptocurrency exchanges (17 major cryptocurrency payment services - BitPay, Coinify, GoCoin etc.) , the turnover of Bitcoin Cash within the period from March to May decreased from $ 10.5 million to $ 3.7 million. Another Bitcoin Cash minus – it is concentrated only in some addresses, about 67 wallets control almost half of the Bitcoin Cash coins, but two wallets store from 10,000 to 100,000 BCH.