Crypto Market Wrap: Bitcoin Dominance Hits Seven Month Low, About to Drop Below 50%4

Crypto markets are ending the week on a high but it remains to be seen if the momentum will continue into the weekend. Total market capitalization has remained over $140 billion but resistance levels still appear too strong for the majors to overcome.

Bitcoin hit an intraday high of $4,090 a couple of hours ago before sharply pulling back again as if stung by this price. It is currently trading at $4,040 which is pretty much where it was this time yesterday. On the week BTC is marginally higher but it still cannot overcome this resistance barrier as its market dominance continues to get eaten away by altcoins.

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