The past week witnessed significant fluctuations in the cryptocurrency market, largely influenced by actions taken by the US government.

At the beginning of the week, Bitcoin's price surged to over $71,000 after a brief period of stability around $69,000. However, it struggled to break through the $70,000 mark, leading to sharp declines, with the cryptocurrency dropping to below $65,000 in a matter of hours.

Reports emerged that the US government had transferred 2,000 BTC seized from Silk Road to Coinbase, sparking concerns that authorities might flood the market with millions of dollars worth of Bitcoin. This news contributed to the downward pressure on Bitcoin's price.

Despite a brief recovery to just over $69,000, Bitcoin quickly retraced its gains, falling back to $66,000. However, there have been some positive movements in the past few hours, with Bitcoin currently trading above $68,000.

In addition to Bitcoin's volatility, Bitcoin Cash (BCH) completed its second halving during the week, adding to the market's overall dynamics.

In conclusion, this week has been marked by heightened volatility in the cryptocurrency market, driven by various factors including the US government's actions related to seized Bitcoin from Silk Road. Investors continue to closely monitor these developments as they navigate the ever-changing landscape of digital assets.