It was another eventful week in the cryptocurrency space, with BTC soaring to a new 19-month peak six days ago before facing retracements and rollercoaster propelled by industry vulnerabilities.

It all started just after CryptoPotato’s previous Market Update on Friday. Just hours later, the primary cryptocurrency initiated an impressive leg up that resulted in breaking above $44,000 and hitting $44,700 for the first time in over a year and a half.

That was a noteworthy increase, but on-chain data suggested that certain investors used the moment to take some profits. As such, BTC started retracing and dumped hard on Monday to under $41,000. Tuesday was even worse, with a price slump to a weekly low of $40,200.

Nevertheless, bitcoin didn’t stand down for long and quickly regained the $43,000 mark, even after the CPI numbers for November and the conclusion of the last FOMC meeting for 2023.

Then came Ledger’s vulnerabilities, which saw $600,000 reportedly drained. Moreover, this impacted the entire market. BTC plunged by almost two grand and bounced off almost immediately following the Ledger fix, leaving millions in liquidated positions.