The cryptocurrency market has gone through considerable turbulence over the past seven days. Ultimately, though, the buyers were able to maintain their presence and pushed off the attempts to drag prices to a lot lower levels. At the time of this writing, the total market capitalization stands at around $2.17 trillion, which is more or less where it was this time last week.

Starting with Bitcoin, its price is currently hovering at slightly more than $62,000 – this is pretty much where it was trading last week. In fact, the cryptocurrency charts a marginal increase of 0.5%.

But this is far from showing the full picture. Toward the middle of the week, BTC bulls attempted to break above $64,000, but the sellers were not having it. Less than two days later, on Thursday, BTC tumbled below $59,000, triggering a considerable number of liquidations in the derivatives market. In fact, more than $250 million worth of leveraged positions were wiped off, the majority of which were long.

Hopefully, the bulls were able to recoup and were quick to push the price back above $60,000 and, ultimately, above $62,000 where it’s currently found.

The situation is more or less similar throughout the rest of the market, and altcoins are also charting small gains in the range between 0.5% and 2%. In fact, BNB is this week’s best performer (from the top 10), increasing by 3%.