FED Week: Market Volatility Ahead as Interest Rates and Altcoin Events Loom

The cryptocurrency market has been slowly recovering from last week's major declines, with Bitcoin trading at $63,739, up 2.5% over the past seven days.

This recovery is partly attributed to an agreement between Iran and the US that was reportedly set to be signed today, although Iran denies this and US President Donald Trump insists it will happen today, possibly because of his birthday. Some analysts believe the agreement was delayed by Iran to avoid being signed on Trump's birthday.

This week is expected to bring significant economic developments and altcoin events that could impact the market further. The Federal Reserve will announce its interest rate decision on Wednesday, with expectations of a 25 basis point increase. Additionally, on Tuesday, the Bank of Japan will also make an announcement about interest rates.