One of the other major developments in the past week was the counter-lawsuit initiated by the Trump-backed WLFI against Justin Sun.

It was another eventful week in the cryptocurrency space on the heels of the decisions made by the US Federal Reserve and the ECB to maintain the interest rates unchanged days prior.

Despite BTC’s short-term price dip to under $75,000 after the third FOMC meeting of the year on April 29, the cryptocurrency rebounded swiftly and actually went on an impressive roll. At first, it remained stable during the weekend, even though Washington rejected two peace proposals sent by Iran.

Moreover, bitcoin soared to over $80,000 on Monday morning for…