Crypto Market Wrap: Bitcoin Drives Markets Higher as Dominance Approaches 55%7.2

Following a week of consolidation crypto markets have started to move again as Bitcoin grinds ever higher. The Friday momentum has pushed total market capitalization back towards the top of its trading range at $180 billion. Heavy resistance resides here though so further gains may not be forthcoming so quickly.

A couple of hours ago Bitcoin hit an intraday high of $5,550 adding nearly 3 percent on the day which is the highest it has managed for over a week. Heavy resistance in the form of the 50 week MA sits above it at $5,600 and it will be a challenge for BTC to break that. At the moment though, the sentiment is bullish.

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