$100B in market capitalization is on the line as Bitcoin and altcoins hang in the balance this week. With the Fed's key US economic data due today and Iran peace deal news looming, it's no wonder markets are on high alert.

Crypto markets are closely watching the Fed's economic indicators, with many analysts calling for a potential rate hike, which could send shockwaves through the crypto space. Meanwhile, news of Iran's peace deal has sparked hopes of renewed sanctions relief, a possible boon for the struggling oil markets. Bitcoin has rebounded above $65K, but will this momentum be short-lived or is a new trend emerging?

Smart money is likely positioning themselves for a market shift, looking at on-chain metrics and sentiment indicators to gauge the mood of the market. If we see a strong correlation between on-chain metrics and price action, it could signal a potential breakout or reversal. One to watch is the level of $66.5K, a key resistance level that could decide the fate of Bitcoin's rebound.

Will you be holding or selling as the market teeters on the edge?