Daily Roundup – November 3, 2017

Daily Roundup – November 3, 2017

According to Reuters, the market cap of all cryptocurrencies combined has hit a record of $200 million, which puts their value at more than that of U.S. bank Citigroup.

According to The Economic Times, a government panel is seeking a crackdown on cryptocurrency dealers in India.

According to CNBC, the first major Wall Street strategist to embrace bitcoin is now feeling more cautious about the digital asset. Fundstrat co-founder Tom Lee now says that bitcoin has gained far more than the fundamentals warrant right now.

According to Bloomberg, bitcoin’s latest rally has forced an ultra-bullish analyst to revise his target even higher. Standpoint Research’s Ronnie Moas now says the bitcoin price will reach $11,000 in 2018.

According to The Washington Post, the fight against opioid abuse is happening at the post office because dealers are ordering fentanyl from outside of the country via the internet.

Featured image via Pixabay.

About The Author

Kyle Torpey

Kyle Torpey is a freelance writer and researcher who has been following Bitcoin since 2011. His work has been featured in VICE Motherboard, Business Insider, NASDAQ, New York Post, The Next Web, American Banker, and other media outlets. You can follow Kyle on Twitter, send him an email, sign up for his daily Bitcoin newsletter, or visit his personal website.

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