This week saw Bitcoin ping pong between two very important levels. This choppy price action resulted in hundreds of millions worth of liquidated leveraged positions. The total cryptocurrency market capitalization has remained relatively unchanged since last week, hovering around $2.45 trillion.

As mentioned, Bitcoin’s price has been ranging between two very important levels – the $69K and $65K. The week started off well and the cryptocurrency was even eager to break above $70K. However, the bears took control on Monday and pushed the price down toward $67,000 before initiating another leg down later in the week and going even lower – toward $65,000. That’s where the important 200-day moving average is located.

The bulls, however, staged an impressive recovery and were able to push BTC back toward $69K – more or less where it is found right now, at the time of this writing.

It’s also important to note that Bitcoin’s network soared to a new all-time high in terms of mining difficulty, highlighting the competition among miners to produce new blocks.

Elsewhere, following eight long months, Nigerian authorities finally dropped the money-laundering charges against Tigran Gambaryan – an executive at Binance. Gambaryan has reportedly left the country.